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Companies advised to tighten IT controls against fraudsters

By Vision Reporter

Added 16th August 2011 03:00 AM

As the world embraces information communication technology as a key part of doing businesses, companies should ensure information security, an expert has warned.

As the world embraces information communication technology as a key part of doing businesses, companies should ensure information security, an expert has warned.

By David Ssempijja

As the world embraces information communication technology as a key part of doing businesses, companies should ensure information security, an expert has warned.

Twaha Kaawaase, the chairman of the Capital Markets Authority, observed that information technology assets were vital in the assets’ base of institutions, which he said called for IT managers to institute measures to forestall fraud committed using IT systems.

Information systems security involves integrating controls that restrict access, use or disclosure of vital company information to unauthorised individuals.

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

Kaawaase was addressing the second annual information security workshop at Imperial Royale Hotel in Kampala.

The workshop was organised by the Information Systems Audit and Control Association (ISACA)-Kampala Chapter under the theme “Security decisions - the challenges for today and tomorrow”.

Companies advised to tighten IT controls against fraudsters

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