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Managers warned on cyber crime

By Vision Reporter

Added 16th August 2011 03:00 AM

MANAGERS need to be more cautious of information security as the world advances into embracing modern Information Communication Technology (ICT) as a key integral part of businesses and other enterprises to ensure enhanced returns, survival and continuity, an expert has noted.

By David Ssempijja

MANAGERS need to be more cautious of information security as the world advances into embracing modern Information Communication Technology (ICT) as a key integral part of businesses and other enterprises to ensure enhanced returns, survival and continuity, an expert has noted.

The chairman Capital Markets Authority Twaha Kaawaase said that information technology assets (tangible and intangibles) are continuously becoming a formidable figure in the asset base of institutions; this calls for IT managers to consider forestalling fraud committed using IT systems and other forms of misuse of data.

Information Systems security involves integrating systems that restrict access, use, disclosure of vital organizational information to unauthorized individuals.

“Much as we must embrace modern information technology systems to drive our operations, we must also put in place IT controls designed to avert risks such as financial losses, legal crises, loss of reputation and the eventual collapse of enterprises,” he said.

Kawaase was officiating as a guest of honour during the second annual information security workshop at Imperial Royale Hotel. It was organised by the Information Systems Audit And Control Association (ISACA) Kampala chapter under the theme, ‘Security decisions- the challenges for today and tomorrow’.

He added that public and the private sector had embraced modern information technology and had spurred competitiveness of the economy emanating from creation of data used in improving service delivery systems; these achievements need to be safeguarded with appropriate information security systems to protect them against misuse by wrong people.

The ISACA Kampala Chapter president Keto Nyapendi pledged the body’s continued duty of helping the public and private sector to ensure that investments directed towards improving performance through integration of IT systems produce positive returns.

“We also intend to intensify efforts of creating information security awareness through our monthly local presentations held at Hotel Africana in order to broaden the Kampala membership of internationally certified Information Systems Auditors currently standing at 132 compared with over 500 in Kenya,” she said in an interview.

With a membership of over 90,000 people and present in more than 40 countries, the Chicago-headquartered ISACA is a global leader in IT governance, security, control and assurance. It is the single leading international source for information technology controls.

The body offers the Certified Information Systems Auditor designation, a globally respected designation for experienced Information Systems audit, control and security professionals.

Managers warned on cyber crime

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