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How secure is your bank?

As an executive committee member, CEO or board member of a financial institution, you know one of the most critical assets in your control is the core banking application and other key servers like ATM switch / server, mobile and internet banking server, and security monitoring server, if any, that interact with it to deliver …

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Are you a WannaCry accomplice?

A simple network scanning following a client request; exposed several computers on the network vulnerable to WannaCry attack. Unfortunately, the computer hygiene for most companies is poor. Staff are lazy. They don’t want to learn how to keep their computers secure. They are fast to connect to the Internet to access their social media accounts. …

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Cybersecurity BCP/DR Planning

The Institute of Forensics and ICT Security (IFIS) has been providing training to organizations in setting up an effective Business Continuity and Disaster Recovery plan (BCP/DR) as an overall coverage for contingency planning. Experience has shown that organizations do not include procedures for handling a BCP/DR training and those organizations that had these plans, they …

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Role of the board in Business Continuity Planning and Disaster Recovery (BCM/ DR)

No company should get ready. It should stay ready. That way, there are no surprises. The case of fire at one of Toyota offices in Kampala that led to loss of a brand-new car worth over US $100,000 to fire is still. Indeed, many disasters have happened and caused some businesses to collapse altogether. The …

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The state of cybersecurity in Uganda

A discussion with Mustapha B. Mugisa, of www.mustaphamugisa.com. How safe are businesses/individuals online? Starting with businesses, their safety is guaranteed if and only if they are engaged and actively assessing and probing their infrastructure and systems for vulnerabilities in small time frames like once every 4 to 6 months due to the dynamic element of …

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The deadly insiders

The enemy within is deadlier than the one without. As a business leader or entrepreneur, it is your business to keep a watch on the kind of activities staff conduct The issue Many current and former staff steal intellectual property. This makes the company less competitive. The easiest way to steal intellectual property is through …

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Everyone is a potential fraudster. Here is why

For the last ten years, since Institute of Forensics and ICT Security (www.forensicsinstitute.org) started fraud awareness initiative, I have visited several organisations and met with so many CEOs and top managers in the region. Most of the leaders don’t want to acknowledge the extent of the fraud problem within their organisations. Yet the statistics are …

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Lawyers’ vs Internal Auditors’: why lawyers are miles ahead in value addition? Part 2

Although Internal Auditors talk about value delivery, the value they deliver is not easily visible to management. Consider the following key areas of concerns: Information security assurance– this is one of the key things that keep most CEO’s awake at night. Few Internal Auditors have skills to conduct independent and thorough ICT security assessment and …

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Lawyers’ vs Internal Auditors’: Why CEOs and other top executives value lawyers more than the auditors? Part 1

Have you ever wondered why most CEOs will make the first call to their lawyers when faced with a key decision and ignore the internal auditor and or the accountant altogether? Wonder no more. First, we need to understand the difference between a good lawyer and a bad lawyer. The key difference is the quality …

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Banking sector: Reconsider your Business Continuity Strategy

Kenya recently suffered a terrible terrorist attack at the DusitD2 complex on Riverside Drive. This complex houses many businesses and among them, a bank. It goes without saying that business operations of this bank were disrupted in one way or another. One needs to pause and reflect on how the financial institution with which they …

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