Lack of ethics and integrity is the cause of all problems. As we speak now, someone in a company is stealing from it. ACFE.com estimates an average company loses about 5% of their annual revenue to fraud. No intervention on its own can stop fraud risk. CEOs don’t want to admit that fraudsters are always ahead of their controls. You cannot solve a problem you have not recognised. People will always steal as they can justify their actions and have the opportunity to do so without being caught. Focusing on ethics and integrity training is the best strategy today for…
Here is how to implement a national cyber defence system
It was reported earlier that USA has accused China of Cyber Stalking, something which China 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 prepared…
Is your degree real? Can you support it
If you’ve anything you are selling, error on being practical. It is more effective than talking. Many people can make promises. They can argue and talk a lot. And can be wise after the fact. Very few people know what it takes to accomplish certain things. The ability to do is what makes all the difference. In March 2013, a young man aged about 25 years came to my office looking for a career in Computer Forensics. I was very impressed with his CV. He had a Masters in Computer Forensics. He told me he had studied in the US.…
You don’t have to hurry to accumulate wealth
There are things you are supposed to achieve after hard work over a long period of time of say five to 30 years. Things like wealth accumulation must be made systematically. That way, you establish a strong foundation to sustain your wealth. Don’t expect to become rich overnight. Whether you inherit or win a lottery, if you lack business acumen, it is unlikely that you can make better use of your new acquired wealth. Remember the case of bad black of Uganda? She got over US $5m and almost got mad. She had no idea of how to use the…
Are you secure? Debit/ credit card fraud schemes explained
I have investigated several credit and debit card fraud schemes. I have encountered the following exposures over and over again. Carefully read to understand and be safe. Before you suffer making more money, first protect the little you have on your account. If you use a visa debit card or credit card, you should be careful. It is very easy for fraudsters in Uganda or elsewhere to defraud you. The only security you have is not losing your card and or not revealing your card number and security code. As a competitive advantage, most banks will issue you a VISA…
Are you a good friend?
Would you keep a relationship where you kept giving and giving but never received anything in return? For me, it is a no. Successful relationships are based on one simple principle of ‘give and take’ the Latin quid pro quo idea developed years ago. It is all about ‘something for something.’ If you carefully examine the nature of your relationship with any of your friends, you will find that you benefit from them and they also benefit from you in some way. If you are unable to identify how your friends benefit from you, there may be something not right.…
