More Kenyans to work remotely, says forecast
BUSINESS DAILY By MARION SITAWA
Monday November 13 2023
More employees in Kenya are expected to be engaged in a ‘virtual workspace’ next year, according to an employment trend forecast by Bowmans.
A virtual workspace is a cloud-based platform that allows users to access their work files and applications from anywhere, at any time. This means they can work from home, on the go, or from a coffee shop—as long as they have an Internet connection.
“We anticipate more employees being engaged in a ‘virtual workspace’ in 2024 and employers will need to consider the legal implications of such working arrangements, with reference to recent case law,” Terry Mwango, head of dispute resolution at Bowmans and Quinter Okuta, an associate at the law firm said in a brief.
Virtual workspaces are preferred by a growing number of employers who are keen on saving costs because they are often cheaper to set up and maintain than traditional office spaces. There is no need to purchase or lease physical office space, furniture, or equipment.
Kenya’s fintechs confront cyber-threats as incidents hit 860 million a year
BUSINESS DAILY By EDNA MWENDA
Monday November 06 2023
Kenya's financial-technology sector has grown over the years but so have cyber criminals, who have devised new tactics that pose a threat to this evolution.
Cyber-attacks are increasingly becoming a constant threat to businesses across the globe particularly in Kenya. The country was ranked 35th most cyber-attacked country globally by Kaspersky in June, with attackers targeting the financial sector and digital infrastructures.
Fintech companies are facing an increasing number of sophisticated attacks, ranging from phishing attempts and data breaches to ransomware campaigns.
The Communications Authority said Kenya has witnessed an alarming surge in cyberattacks, with a staggering 860 million incidents recorded in the past year and 123.9 million cyber threats during the three months to last September.
The regulator expressed concerns over the escalating frequency, sophistication and scale of these cyber threats, particularly targeting Kenya's critical information infrastructure.
Why Robotic Process Automation is your firm's best bet for seamless transition
BUSINESS DAILY By CHRISTINE NJUGUNA
Monday September 25 2023
Organisations have had to rapidly adopt different systems and applications across business silos and groups to keep up with the pace of technology transformation.
This has led to a complex intertwining of legacy systems and architectures that need to be connected to newly adopted digital solutions to create a cohesive and interconnected ecosystem.
This is where robotic process automation (RPA) comes in. It allows organisations to deftly interweave legacy technology with modernised applications and services to overcome system integration challenges and drive forward digital transformation momentum.
Legacy systems are expensive to maintain and slow to deliver value. Research has found that 31 percent of the average organisation is comprised of legacy systems with 60-80 percent of IT budgets allocated to keeping them maintained.
McKinsey points out that only five to 10 cents of every dollar of tech spend goes into business value thanks to technical debt and legacy infrastructure.
Harnessing power of AI to transform financial markets
BUSINESS DAILY By KEVIN NYAGA
Monday October 30 2023
In the dynamic world of finance, where fortunes can be made or lost with a single click, innovation is not a choice — it’s a necessity for survival. The financial industry has always been a breeding ground for technological advancements.
However, some companies have learned the hard way that ignoring innovation can lead to obsolescence. The list of such companies is long, from Motorola to Nokia, Kodak to Compaq, and Yahoo to BlackBerry.
These companies hesitated while the rest of the world embraced the digital age, clinging to tried-and-tested methods. They viewed technological advancements sceptically, believing their legacy and size would safeguard their position. Little did they realise that the tides of change were relentless.
Why hackers in Kenya attack are being linked to Russia
BUSINESS DAILY By KABUI MWANGI
Wednesday September 20 2023
The wave of cyber-attacks that befell Kenya slightly more than a month ago and threatened to ground the economy has made organisations reconsider their security architecture and structures.
Rapid digital evolution has seen a rise in the frequency and sophistication of cyberattacks globally, with emerging technology concepts such as artificial intelligence (AI), nanotechnology and blockchain poised to further accelerate the complexity and severity of cyber warfare.
But it is not just that. It is the struggle to unmask the threat actors behind the country’s recent protracted attacks that has fuelled the cyber safety debate.
At the time of the crisis, the attackers were only identified as ‘Anonymous Sudan’.
Who are ‘Anonymous Sudan’?
Pan-African cybersecurity consulting firm Serianu Limited says that ‘Anonymous Sudan’ is a code name for a threat actor that has been conducting denial of service (DDoS) attacks against multiple organisations, the most recent being in Kenya.