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Lagos Unveils Cyber Security Toolkit for Small Businesses

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The Lagos State Government on Friday announced the introduction of a cyber security toolkit for small business, a free online resource that small businesses can use to significantly reduce their cyber risk and curtail incidences of cybercrime.

The toolkit, which is a joint effort between the State Ministry of Justice and the Global Cyber Alliance (GCA), is an international, cross-sector effort dedicated to eradicating cyber risk and improving the connected world, while the toolkit also provides real-world tools and clear directions for taking immediate action for reducing cyber risk at a time when the need for such resources has never been greater.

Speaking at the launch of the toolkit, Attorney General and Commissioner for Justice, Mr. Adeniji Kazeem (SAN) described the toolkit as a great asset to small businesses, saying that the development would go a long way to tackle the menace of cybercrimes.

According to him, “The major driving force for the deployment of the cyber security toolkit for small businesses in Lagos State is its apparent potential to reduce cybercrime which in-turn has a significant impact on our collective gains as a Ministry that focuses on creating a crime free society.

“The nature of cybercrime goes beyond national boundaries; hence, there is need for international initiative and concerted trans-border joint actions in fighting cybercrime and also providing bulwarks against its perpetration.

“To further its cyber security efforts, the Lagos State Ministry of Justice joined GCA as a partner in support of its mission to eradicate global cyber risk. Small businesses are the lifeblood of a community and provide all manner of essential services and support to individuals, enterprise businesses and government. Even though a business may be small, when it comes to cybercrime the risks are great.”

Kazeem added that the toolkit, which would be regularly updated with input from users, industry experts and public and private partners across the globe, was developed in partnership with Mastercard, while the Global Cyber Alliance also partnered with several additional organizations to create the GCA cyber security toolkit, including the Center for Internet Security, the Cyber Readiness Institute, the City of London and the City of New York.

He said as a thriving State, which encourages inward investment and also supports indigenous Small Medium Enterprises (SMEs) which are vulnerable to cybercrime, the initiative was appropriate and timely to the State, assuring that government would further collaborate with relevant stakeholders to make deepen access to the toolkit.

“The Lagos State Government will encourage and collaborate with relevant stakeholders in the business community and regulatory bodies to embrace this cybercrime toolkit for small business as a formidable initiative in fighting cybercrimes and related offences.

“To access the GCA Cybersecurity Toolkit, visit https://gcatoolkit.org/smallbusiness or the website of Lagos State Ministry of Justice www.lagosministryofjustice.org for a redirection to the GCA Website. The Lagos State Ministry of Justice and the GCA will also be conducting a series of webinars on how to protect your business from cybercrime,” Kazeem said.

At the earlier launch of the toolkit, which took place in New York and London on the 19th February 2019, in reiterating the importance of cybersecurity, City of London Police Commissioner Ian Dyson had said: “As the national lead force for fraud and a founding member of the Global Cyber Alliance, we are always pleased to see new initiatives that will assist businesses in improving their cyber security.

“Businesses lost £6.7 million as a result of social media and email accounts being compromised between April and September 2018.

It’s therefore essential that we, as a force, continue to work closely with businesses as well as the organisations that serve to protect them.”

According to Cyrus Vance, Jr., Manhattan District Attorney, “When we launched the Global Cyber Alliance, we set out to empower organizations of all sizes with the tools they need to prevent cybercrime.

“The Global Cyber Alliance’s free Cybersecurity Toolkit provides small- and medium-sized businesses with immediate, concrete steps to protect their companies and customers against crippling cyberattacks, and I thank each of the public and private partners who contributed their world-class expertise.”

On his part, President and CEO of Global Cyber Alliance, Philip Reitinger, said the significant difference between the firm’s Cybersecurity Toolkit and those of others was the fact that it is an action kit, adding that the focus was on protecting small businesses.

“Our focus is on producing a dynamic clearinghouse of operational tools that help small and medium businesses address risk and improve their cyber security posture, leveraging the deep expertise of our network of global partners, such as Mastercard, and the experiences of actual GCA toolkit users,” Reitinger said.


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Ex-IBC DG in Police Net for Stabbing Wife to Death in Imo

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Imo state police command has arrested 82-year-old Theophilus Okere, a retired director general of Imo State Broadcasting Corporation (IBC) for allegedly killing his wife Mrs Beatrice Okere in Imerienwe community within the Ngor- Okpala Local Government Area of Imo state.

Ex-IBC DG in Police Net for Stabbing Wife to Death in Imo

Confirming the incident, Orlando Ikeokwu, Imo state police command public relations officer disclosed that preliminary investigations revealed that after killing his wife, the 82-year old ran away until he was arrested by the officers of the command after a tip off.

According to reports Mrs Beatrice Okere who was in her seventies was taking to an undisclosed hospital by indigenes of the community after the incident happened but due to loss of so much blood gave up the ghost in the hospital.

However, Isaac Akinmoyede, Imo state Commissioner of Police said investigation is ongoing to ascertain if the man committed the heinous crime and should be charged to Court in due time.


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Global Finance Names Ecobank Most Innovative Bank in Africa

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Global Finance has named Ecobank as the most innovative bank in Africa.

The announcement was made at the eighth Global Finance annual awards, the Innovators 2020, honoring entities that regularly identify new paths and design new tools in finance.

Categories in the award include Top Innovations in Corporate Finance, Payments, Trade Finance, Cash Management, Islamic Finance, with Winners selected from different regions of the world.

The classes of award comprised Most Innovative Banks in Africa, Asia-Pacific, Central & Eastern Europe, Latin America, Middle East, North America and Western Europe; The Most Innovative Fintech Companies in Asia-Pacific, Central & Eastern Europe, North America and Western Europe; and The Best Financial Innovation Labs

At the virtual awards announcement, Anita Hawser, European Editor at Global Finance and Lead, Global Finance Awards evaluation team, noted that companies recognized at the Innovators 2020 significantly stood apart.

She said the review panel looked at innovation in the context of product or process innovation, as they were ultimately more concerned with the impact of innovation in terms of creating value for customers or addressing a specific need, like speeding up lending or credit review process for small businesses; enabling companies to deposit cheques remotely and not having to visit the branches.

According to her, these are innovations that significantly reduce the time or cost of companies to perform financial tasks and really transform customers’ business lives helping them operate more effectively in a significantly challenging business and economic environment.

In his remark, Ade Ayeyemi, Ecobank Group CEO said: “We are pleased to be recognised as the “Most Innovative Bank in Africa” by Global Finance. This attests to the strength of our brand in multiple countries across Africa, our unique pan-African platform, and our innovative banking products and solutions made possible by the success of our digital transformation journey.

“With a larger African footprint than any other bank operating in West, Central, East and Southern Africa, Ecobank is the only bank that has banking operations that spans 33 African countries, operating a truly integrated African network.”


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The role of Human Capital Management in the new world of work

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By Ronnie Toerien, Oracle HCM Sales Development & Strategy Leader – Africa

The world of work has been changing for some time, particularly over the last decade as emerging technologies equipped enterprises with the tools to operate with greater efficiency, innovate and explore a new potential. However, unprecedented events in 2020, have accelerated this transformation at an unimaginable pace.

With mandates to work from home if possible, the disruption of traditional business models is being driven by pure necessity. Like other contemporary, cloud-based business systems, Human Capital Management (HCM) has a vital role to play in ensuring business continuity, and resilience, as we march into the new world of work.

First and foremost, cloud-based HCM is essential to provide continued access to and support for remote workers, and at the same time safeguard the safety and health of employees. In the case of the latter, one product example is Oracle’s Workforce Health and Safety solution, currently free to all Oracle HCM Cloud customers. A business’s workforce is its greatest asset and should remain its greatest concern. Especially now. With employees scattered, the data collected, and analytics generated, by next-generation HCM solutions become crucial to combat absenteeism, identify at-risk individual employees and formulate a succession planning strategy across an entire organisation.

Crises, and the manner in which they are handled internally, can have a major impact on talent retention and acquisition, which will have a knock-on effect for business delivery. Reassurance through empathetic communication is essential. Empowering employees with information about the company’s strategy during such periods, as well as providing open channels for two-way conversation, gives people a sense of belonging to an organisation that is looking after and listening to them.

Going hand in hand is the need to help grow employees. Learning and development are often affected when enterprises embark on crisis cost-cutting, but the current climate is the perfect opportunity for HR to equip staff for new roles, or take advantage of employee skills and use them in new ways (possibly gig economy opportunities) that support the organisation, and the individual’s own professional growth.

It is important to note that the new world of work is under a microscope. Business success is no longer solely reflected in revenue. Public perception can have a powerful impact on customer behaviour, as it spotlights caring organisations and their opposite: those enterprises taking advantage of a situation and their staff.  Cloud-based HCM applications help make work inherently more human-focused.

The new world of work is also notable for its drastically altered business processes. Older ways of working are often proving too inflexible to overcome current challenges. Cloud HCM plays its part in breaking down rigid division, not only between departments but data sets as well. As a powerful integration tool, it can bring together information and related components that do not naturally connect. For example, analytical tools can be combined with a combination of absentee data and workforce plans to model scenarios and combat skill gaps in reality. Such is the case with newly available Oracle Analytics for Fusion HCM, which seamlessly draws together and uses cross-functional data.

Cloud HCM’s’ removal of barriers applies to people too. The future of work is about connection, and contemporary applications equip employees to work more diversely within an organisation, collaborating with colleagues across the whole company ecosystem. Hierarchies and silos have given way to a flattened organisational structure of diverse networks working towards a single goal, opening the door to innovation and greater operational agility.

The foundation of a lasting, successful business process change is a culture shift. The latest HCM tools break down resistance to new systems, especially now as workers engage with the modules regularly from their remote work location. HCM is ushering in acceptance of a whole new way of working, with the likes of voice-commanded digital assistants proving their time-saving value, and other benefits, to users.

The new world of work is unquestionably one of co-existence between humans and autonomous systems, underpinned by the likes of machine learning and robotics. Just as traditional HR helped to streamline an employee’s entrance into an organisation, maximise their contribution and bolster their employability, cloud HCM is fulfilling the same function. This, while bringing together man and machine, which is key to business success in the future of work.

 

 

 

 

 


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