If you operate a bank account that has some money, you could be a target by cybercriminals. Many times, cybercriminals work closely with people who work in your company. Others could exploit your poor cyber hygiene and weak computer security measures in place. Either way, once your network and system security are compromised, there are many ways a hacker has to get money from you. We call it ‘monetizing the cyber breach.’ This is achieved in several ways: Ransom payment request. Hackers could access your mobile phone or laptop, and by chance find confidential information like private photos, or personal…
#covid19 cyber threats and attack vectors: how to be secure
Criminals attack when they are least expected. As you go about your business, someone somewhere is hatching a plan to steal from you. You must stay ready. #covid19 pandemic has disrupted the world in ways no one could have predicted. People are struggling for survival. A starving man has no option: to fight for survival at any cost. With social distancing and night curfew in place, criminals too have embraced the use of technology to eke a living. And that is why you must be more alert than ever to anticipate and manage cyber threats. Hackers are working around the…
A CEO’s Internal memo at home following #COVID19 lockdown
Note: In the context of the family setting, staff are the children. The personal assistant is the wife and the HR officer is the house helper. The shareholders are the Parents and all family members and relatives. The stakeholders are the family friends, neighbours and community The CEO’s Internal Memo after two weeks of lockdown is below. From: CEO To: All Staff Date: 14th April 2020 Subject: COVID19 pandemic profit warning Covid19 is a significant event for our generation. The pandemic has disrupted our way of life and it is not relenting yet until a vaccine or cure is found.…
How COVID-19 Liquidity Shock Threatens Uganda’s Financial System
Bank Financial Risk Managers in the past 12 years have been the busiest bunch recovering from the aftermath of the financial crisis of 2007-2008. These particular effects have brought about the adoption of more robust and prudent credit risk models such as the prominent International Financial Reporting Standards 9 (IFRS9) that was fully adopted in Uganda in 2018. However, these models are not cover enough when the economy is threatened to collapse in the shortest time possible. Download the Whitepaper on How COVID-19 liquidity shock could collapse the local financial system While this lockdown has not restricted banks from carrying out…
Why COVID-19 poses a bigger threat to existence of SME’s than the Financial Crisis of 2007-08
In 2008, a top investment bank the Lehman’s Brothers along with a number of financial managers and institutions collapsed following depreciation in the subprime mortgage market of the United States consequently leading to an international banking crisis. A number of top firms sought bailout to survive this crisis. Download a White Paper on Why COVID-19 poses a bigger threat to the existence of SME’s While this crisis threatened the world financial system as analysts speculated a consequent collapse, there was still coverage being provided by a number of sectors. The liquidity bubble was mainly a problem of financial service providers. Contrary…
#Covid19: Traditional Marriage Advise a Threat to Home Working
The times have changed, but traditional ssengas and marriage counsellors have remained old school which now threatens to kill careers and businesses. #covid19 has helped fast track the world in technology adoption by a year or two by promoting mobile penetration, internet penetration, and adoption of digital channels in service delivery. Online studies, virtual meetings, and home working / remote working have suddenly spiked. Top events organized by membership bodies like the annual anti-fraud conference shall this year be held virtually. And the fees for the conference have not changed. This means hotels shall lose money, but teleconferencing technology companies,…
