I annoyed a CEO today, but got business. I have realized that you’ve to be bold to excel. Here are our exchanges with my prospect CEO. Me: How much do you estimate your company loses to fraud on an annual basis? CEO: We have no fraud here. Me: On which basis do you say so? Have you done fraud risk assessment recently. Who did it for you? CEO: Not yet. We have no fraud. Me: Have you read the ACFE.com research that estimates that an average business loses over 5% of their annual revenue to fraud? And that most business…
Cyber Crime: How thieves are stealing online
Information is power and therefore today, every company or organisation worth its name, has more than 70 per cent of its workforce using computers to generate and store information. What most staff do not know, however, is that this information is important company property, which needs to be guarded jealously. Often, computers store sensitive information ranging from the financial stand of the company to trade secrets – information they would not want to fall into competitors’ hands, lest they are edged out of business. Early this year, former Rubaga South Member of Parliament Singh Katongole, was reported to have lost more than…
Here is how to implement a national cyber defence system
It was reported earlier today that USAhas accused China of Cyber Stalking, something which China has refuted in the strongest terms. How can countries avoid such in future? The extent of cyber challenges are rising every day. The use of cyber intelligence, cyber weaponry and cyber tactics in national security management are top agenda for any government. This is the future of national security. Sophisticated weaponry and defence systems are taking the largest share of the R&D budgets. The battlefield is no longer geographical. It is cyber or cloud based. As such, it causes insecurity to everyone globally. Is Uganda…