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IoT Is Creating Big Market for Privileged Identity Mgt. Solution – Uzoma

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Chima Uzoma is the current Chief Executive Officer and founding partner of Boch Systems. He is an agile and strategic Technology Executive with an excellent track record in heading diverse businesses to consistent growth and profitable outcome.
He has over 16 years practical IT experience; and has worked with several technology giants in Nigeria, including Microsoft, Technology Distribution, ICONET Group, and Imperial Business Systems; among others. He spoke to peter oluka on Boch System’s partnership with Arcon and the advantage it will bring to organizations on the Continent.

BYOD, Cloud Computing, IoT and Security Lapses
There is a future for Privileged Identity Management Solutions (PIMS) as the world embraces Internet of Things (IoT), Bring Your Own Device (BYOD), Cloud Computing or mobility in general. It means you need to have access to every of these devices. Arcon is thinking ahead like two decades from now, how are you going to manage these applications. So, IoT is creating a big market for PIMS. Now, your electronics will be talking to you, which demands the right authorized access to be able to talk back to them.

Growth of Cyber Market in Nigeria and Place of Arcon
Cyber security is the future, because technology is driving a lot of things- banking operations, communications, e-commerce and more the advent and growth of technology, the increase of the challenges like attacks. It requires a lot of awareness, and every company must be part of finding the solutions, because they need to keep their data.
Arcons is a product; when you acquire it, you have full control. The demo session shows there the administrator decides who does what and how the period you would prefer the password changes. And there are criteria to that. With regards to increased cyber attacks, if I take care of my insider threats and ensure your keys are not in the wrong hands, then, we are moving forward; by then, 70% of the threats are curbed.

Companies Should Set Cyber Security Guide for Employees
Every organization should take cyber security very serious, because it I can collapse a business and it is a high risk area. Imagine my email is hacked, by mere remembering that I wouldn’t know what the hackers are doing with the content of the email; it can lead to all manner of psychological trauma. However, we offer a solution on security and the governance; it has helped organizations to mitigate risks as much as possible.

Evolution of Policies in The Cyber Security Sub-Sector
In terms of government, I wouldn’t know what they are currently engaged on, because it has become a herculean task. But, the Financial Institutions (FIs), for instance have a lot of investments in that regards, and the telcos. Nigerians are adapting to future technology. When we opened our office in Ghana and compared both markets, we found Nigeria is far ahead. Technologies that were implemented in Nigeria, maybe two years ago, they are about to be considered in Ghana.

Boch Systems Limited
Boch Systems has a Pan-African vision to be the leader in providing information and implementation solutions in Africa. Currently, the Company is in Nigeria and has started a full-fledged operations in Ghana. Boch Systems Company Limited is a leading Systems Integration Company of choice, providing professional and high quality ICT services to our esteemed clients. We are driven by a passion to offer reliable, timely, and cost effective solutions; relying on our thoroughly skilled and dedicated workforce, supporting partners, and advanced technologies; thereby guaranteeing maximum ROI to all stakeholders.
Boch Systems creates solutions for leading organizations in all sectors of industry, commerce and government. We work with our customers to identify and create better ways of doing business – from optimizing existing tools and resources to realizing revolutionary processes.
At Boch Systems, we fully understand Lead Capital Government environment and the challenge it faces in using technology to bear on its service delivery to its staff and customers.

Partnership with Arcon
Arcon is actually bringing two things; first, advanced technology in the cyber security space. Secondly, the products are cost effective. With the situation of the country, companies are concerned about getting a quality product at the right price.
So, we signed a partnership with Arcon to represent them in the whole of Africa and deploy solutions to financial institutions and the telcos. Its flagship product- Arcon, is a Privileged Identity Management Solution (PIMS). Today, about 70% of cyber attacks that occur today are instigated from within from organizations. Most of them are caused by disgruntled staff, or staff with privileged access to company’s data. So, when access to the security protocols is compromised it affects the business. Therefore, Arcon’s solution is such that ensures your insider protocols are protected. Even if you have a third party who works with you, Arcon has a system to help organization guide against breaches. It is a time-based access guarantor into your application and shares a link on what the person actually did. So, it helps you ensure that from the inside you are fully protected.

Value Proposition of Arcon Solutions
The first value proposition: this is an advanced technology. Formerly, you have what is called Privileged Access Management  Solution (PAMS), but Arcon has narrowed it down to PIMS, which entails you manage not just the access but who does what. There are features that other competitors cannot boast of.  Secondly, everybody wants to buy the right product at the appropriate price. Arcon is flexible with regards to pricing. Other solutions out there tend to remain on their high horses, but Arcon is willing to come down to your level and offer you service.
In terms of customization, because the whole thing is designed by them they are ready to offer you special attention. There are connectors we constitute which other competitors with over two hundred experts, which other competitions lack. And the inhouse developers are ready to customize

Targeted Market
Any technology driven organization requires cyber security solution, because the systems are always subject of attack- serves, networks or switches, they require access. Arcon is available to companies across sectors. For instance, a company like Jumia or Konga, the merchants go ‘in there’ to post or update values of products. Such process can lead to compromise, therefore, you require a robust solution like Arcon to monitor the processes. Aside the firewalls, they need further identity management solution to ensure even protection. Example, an insider can alert an outsider about a possible order for a pair of shoes, he goes to supply same and collect the money, thereby leveraging the investments of the e-commerce platform without making any revenue contribution to it.

Aside Arcons, Other Boch Systems’ Solutions
We are a full security technology organization, offering end-to-end solutions. We have partners who provide global enterprise firewalls relevant to banking, e-commerce, telecommunications and other industries. These firewalls are safeguards against external attacks. We also provide data access management solution. Aside giving you access, there are certain people that are not privileged users especially to unstructured data. Unstructured data seat on serves on individual systems. We have seen confidential letters or memos from government going public because it fell into the hands of unauthorized person even as an unstructured data.

Digital Marketing And Implications To Bank Customers
The future is social media and the future has gone mobile. In fact, any organistion that is not thinking about using the social media to win customers is not looking at the right direction. Today, we are talking about digital marketing. It is about utilizing the social media to create awareness. That is same thing banks are extending to customers. The beauty of it is that the more we engage on social media, the need for them to secure the networks, and also ensure the customers are left in danger of cyber attacks.  


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.NG Domain is Nigeria’s Pride Online – Akinsanya

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The .ng domain name, Nigeria’s country code top-level domain (ccTLD), is the nation’s critical resource in the digital space, says Adesola Akinsanya, the president of the Nigeria Internet Registration Association (NiRA).

Akintola Owolabi, Professor of Cost and Management Accounting at Lagos Business School (front – third from left; Adesola Akinsanya, the president of the Nigeria Internet Registration Association (NiRA) (Front – fourth from right), flanked by members of EBOD and Management Team of NiRA during a training programme at LBS.

The .ng domain extension is unique to Nigeria, and it can give businesses a strong local identity.

This can help establish trust with customers, which is especially important for businesses that rely on local customers.

Mr. Akinsanya made the comments at NiRA Executive Board of Directors (EBOD) and Management Training held at the Lagos Business School (LBS).

The NiRA Executive Board and Management Training at LBS spanned a series of intensive interactive sessions designed to address critical challenges and opportunities in the digital domain.

The training program emphasized the importance of strategic vision, ethical decision-making, and resilience in the face of digital disruptions.

Participants gained insights into global best practices in digital governance, risk management, and leveraging digital technologies for business growth and societal impact.

Mr. Akinsanya, highlighted the significance of the collaboration with LBS, stating, “The NiRA EBOD/Management Training at LBS underscores our commitment to fostering a robust digital ecosystem in Nigeria. It equips leaders with the expertise to address complex digital challenges especially in accounting and financial management while harnessing the immense opportunities of the digital age.”

The program featured distinguished speakers, industry practitioners, and faculty members from LBS, providing a holistic learning experience enriched with real-world case studies and practical insights.

Participants commended the program for its relevance, depth of content, and interactive learning approach, noting its immediate applicability to their roles and responsibilities.

The NiRA EBOD Training at LBS represents a milestone in advancing digital leadership and governance in Nigeria.

“By equipping leaders with cutting-edge knowledge and strategic insights, the program contributes to building a resilient and innovative digital ecosystem that drives sustainable growth and societal development, especially from NiRA perspective. We must fashion out ways of increasing .NG domain name adoption which is our national pride in the digital space”.

Speaking further on why Nigerians and businesses should adopt the .NG domain name, the NiRA president said, “.NG domain name gives your brand special recognition both on and offline.

“Using a .ng domain name can help your business stand out in the Nigerian and global market. It is a great way to differentiate your brand from competitors and establish a unique identity. A .ng domain name is easier to remember, which can make it more likely that customers will return to your website in the future”, he said.

“It instantly communicates to internet users that your business is located in Nigeria. This can be especially helpful if you operate in a niche or industry where location is important to customers”, the NiRA boss added.

He added that Google and other search engines prioritize local content in search results, hence using a .ng domain name can help improve your website’s search engine ranking for local searches.


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Climate Action Africa Opens Applications for CAAF24 Deal Room

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Climate Action Africa (CAA), a leading advocate for climate resilience and sustainable development, has announced the opening of applications for the Deal Room at the 2024 Climate Action Africa Forum (CAAF24). The Deal Room is a groundbreaking platform that aims to connect high-impact climate innovators in Africa with potential investors seeking to accelerate sustainable solutions.

The CAAF Deal Room is a strategic initiative that aims to create opportunities for innovators in the climate-tech domain focusing on emission reduction, energy, agriculture, transportation, circular economy, and building and construction.

The goal of the Deal Room is to select finalists who will have the opportunity to pitch their innovative ideas and solutions at the upcoming 2024 Climate Action Africa Forum, which will be held on June 19th in Lagos, Nigeria.

The Deal Room aims to boost investments in Africa’s green economy by galvanising a community of innovators, entrepreneurs, and investors to create applicable solutions that can mitigate the challenges of climate change on the African continent.

The Deal Room session will facilitate financing for solutions contributing to the growth and sustainability of Africa’s green economy. These deals may encompass prize money, equity plans, debt financing, mergers and acquisitions, and other investment options.

“Through the CAAF24 Deal Room, we aim to bridge the critical gap between promising climate ventures and the essential resources they need to thrive,” says Grace Oluchi Mbah, Co-founder and Executive Director of Climate Action Africa (CAA). “By facilitating connections between passionate entrepreneurs and dedicated investors, we can collectively unlock the immense potential of climate solutions in Africa.”

The eligibility criteria for applying include:

●     The company must be African-owned and operate in any of the 54 African countries.

●     It must be a for-profit company, between 1-5 years post-incorporation, post-MVP (minimum viable product), and post-GTM (go-to-market).

●     The company should leverage digital technology to deliver its business model.

●     Female ownership is an added advantage.

 Those eligible to apply include venture capitalists, impact investors, climate tech startups, Green SMEs (small and medium-sized enterprises), philanthropic organisations, and government representatives.

Following the CAAF24 deal-room will be a post-event accelerator in partnership with the Silicon Valley-based Founder Institute and IDEA Africa. This Africa-wide initiative is specifically designed to further accelerate and enhance support for promising Climate Tech startups and founders who participated in the Deal Room.

The official unveiling of this accelerator will take place at the Climate Action Africa Forum 2024 (CAAF24), marking a significant step forward in driving Climate Tech innovations throughout Africa.

Applications for the CAAF24 Deal Room are open from April 22nd until May 17th. Interested applicants can register at https://deal.caaf.africa/register.


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LCCI Urges FG to Simplify Trade Procedures to Boost Economy

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The Lagos Chamber of Commerce and Industry (LCCI) has said that the government needs to simplify and harmonize trade procedures and address bottlenecks in order to boost economic growth in the country.

President of LCCI, Mr. Gabriel Idahosa, gave the charge at a Quarterly media briefing on the State of the Economy yesterday in Lagos.

He said that the government has to create an atmosphere that promotes export growth and competitiveness, which is projected to boost export earnings, raise domestic revenue, improve citizens’ welfare, and increase business productivity.

“We recommend that reforms must include simplifying and harmonizing trade procedures as well as addressing bottlenecks such as port logistics, congestion, and transportation costs. This is expected to position the country as the commercial centre of the region and a springboard into regional value chains,” he stated.

On managing the persistent high inflation, the LCCI president said both monetary and fiscal authorities should focus on the factors driving the inflation rates by tackling the supply-side deficiencies instead of focusing too much attention on the demand-side management.

“We urge the Central Bank of Nigeria (CBN) to continue with its foreign exchange (forex) market reforms with intense discipline, as the high exchange rate against the naira is a major driver of the skyrocketing inflation rates.”

Idahosa acknowledged the improvement in the naira exchange rate in the last few days, moving towards the level of N1000 per dollar or lower.

“CBN needs to sustain its policy and regulatory reforms in the FX market, adopt policies that would attract more FX inflow into the economy as well as build market confidence in the performance of the FX market,” he added.

 


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