The Computer Society of Kenya

Since 1986

As cybercrime rises, a wake-up call about security and the digitisation pace

cybercrimeDAILY NATION By JOHN WALUBENGO

Tuesday July 24,2018

Recent reports showing how tech-savvy youth are compromising our digital services to fleece unsuspecting customers confirms that our digitisation efforts are moving faster than our information security efforts.

Banks, telcos, utility companies such as Nairobi Water or Kenya Power have been in the forefront of making their services convenient and more accessible for their customers.

Banks and telcos are heavily regulated and some of the rules require regular security audits of their information systems. So how come cybercrooks are having a field day, reaping where they have not sown?

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Fraudsters device new ways to swap SIM cards

cybercrimeDAILY NATION By ERIC WAINAINA

Wednesday July 18,2018

While on an official trip to Israel last month, Mr Stanley Wanjiku needed to do some urgent business back in Kenya through his mobile money transfer service, only to find his PIN blocked.

In seconds, a message popped up asking him to call his bank's service centre through a certain number. He tried several times to have his PIN reset through a WhatsApp call to no avail. Getting anxious, he sought assistance through an SMS.

“I wrote them (bank’s call centre) an SMS via the same number (the number given to him) giving my (bank) account number and my phone number only,” Mr Wanjiku, the MCA for Ikinu in Kiambu County, told the Nation.

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US tech giant Cisco to open innovation hub in Nairobi

ciscoBUSINESS DAILY By ANNIE NJANJA

Friday July 13, 2018

US-based tech giant Cisco Systems is set to open an innovation hub in Nairobi in September seeking to tap tech enthusiasts.

Cisco is investing Sh50 million ($500,000) in setting up the lab with a capacity of about 50 developers per cohort.

It plans to host different groups every year, with the length of incubation based on need basis. Those qualifying for the programme will have to be first assessed to ensure viability of their digital innovations.

The innovation hub is one of three that the firm is launching in sub-Saharan Africa.

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Why criticism of fintechs’ role in war on poverty is totally misplaced

moneyBUSINESS DAILY By GEORGE NYABUGA

Tuesday July 17, 2018

Don’t hold your breath, Fintech isn’t the answer to world poverty’’ was the title of an article that Prof Milford Bateman wrote in the Business Daily of July 9, 2018.

Unfortunately, the article had a lot of uninformed and rather fallacious arguments and conclusions that cannot go unchallenged.

First, it suggests that financial technology (fintech), and particularly M-Pesa-facilitated microcredit has driven millions into indebtedness and poverty.

Prof Bateman seems to suggest that fintechs are deleterious to Kenyans and the country given their apparent “…huge downsides that are only becoming apparent in Kenya now that it has become fully embedded within the community”.

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Why Uganda’s social media tax is misplaced

socialmediaDAILY NATION By JOHN WALUBENGO

Tuesday July 3, 2018

Effective July 1, 2018, Ugandans will be required to pay a so-called social media tax in order to access sites like WhatsApp, Twitter and Instagram.

I was hoping to find a fairly solid rationale for this tax but was disappointed to discover that the taxman’s objective is simply to reduce online gossip or lugambo, as President Yoweri Museveni explained in the native language.

Whereas this is ridiculous to say the least, Kenyans must be very wary of what is happening across the border since politicians are known to cut and paste experiences – whether positive or negative.

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