Search Results for: Audit

KCB Group replaces KPMG Kenya with PwC as its external auditor

Editor
PWC KPMG

KCB Group is reported to this Thursday replace KPMG Kenya with PricewaterhouseCoopers (PwC) as its external auditor, dealing a blow to the consultancy after it lost Absa Kenya job last year. The changes now hand PwC audit control of Kenya’s top two banks — KCB and Equity Group. Last year, Equity Bank dropped Ernst & Young for PwC in 2017. KCB audit job has been among the highest payers, with remuneration paid by the lender amounting to Sh55 million in the financial year ended December 2019. Absa Kenya last year…

Airtel and Telkom merger approved

Dianne Jacobs
CAK

Kenya’s telecommunication sector is set to become a duopoly after Airtel and Telkom Kenya received approval from the Competition Authority of Kenya (CAK) to merge their businesses. The firms however have to wait for approval from the Communications Authority of Kenya (CAK), which might take awhile as the industry regulator is currently facing a leadership crisis following nullification of the board of directors appointed earlier this year.The merged operator, which will be renamed Airtel-Telkom, will now battle it out with Safaricom once the transaction is concluded. CAK yesterday gave the…

17 Canadian federal depts. and agencies failed basic tests for credit card data security

Dianne Jacobs
Facebook

The Canada Revenue Agency, the RCMP, Statistics Canada and more than a dozen other federal departments and agencies have failed an international test of the security of their credit card payment systems. Altogether, half of the 34 federal institutions authorized by the banking system to accept credit-card payments from citizens and others have flunked the test — risking fines and even the revocation of their ability to accept credit and debit payments. Those 17 departments and agencies continue to process payments on Visa, MasterCard, Amex, the Tokyo-based JCB and China…

Uber expands privacy settlement with FTC

Dianne Jacobs

Uber is expanding the proposed settlement it made with the Federal Trade Commission last August pertaining to data mishandling, privacy and security complaints that date back to 2014 and 2015. In August, Uber agreed to 20 years of privacy audits. That proposed settlement happened prior to Uber’s disclosure of the massive 2016 data breach that affected some 57 million riders and drivers. Now, Uber will be subject to “additional requirements,” according to the FTC. “After misleading consumers about its privacy and security practices, Uber compounded its misconduct by failing to…

Former Employees Confirm that Lyft Staffers Spied on Passengers

Dianne Jacobs

Just like Uber’s  scandal, Lyft staffers have been abusing customer insight software to view the personal contact info and ride history of the startup’s passengers. One source that formerly worked with Lyft says that widespread access to the company’s back end let staffers “see pretty much everything including feedback, and yes, pick up and drop off coordinates.” When asked if staffers, ranging from core team members to customer service reps, abused this privilege, the source said “Hell yes. I definitely looked at my friends’ rider history and looked at what…

Five African tech trends to watch in 2018

Editor
Vivo

The BBC’s Clare Spencer picks five African tech trends to look out for in 2018. Land registry you can’t tamper with The idea: Documentation is often lacking in parts of Africa, leading to land disputes because it isn’t clear who owns the land. Even when there are records, sometimes they have been tampered with. A record that cannot be deleted, using something called blockchain, could be used to prevent these disputes. Blockchain is a method of recording data – a digital ledger of transactions, agreements, contracts – anything that needs…

Covert influence, the new money laundering

Dianne Jacobs

Google is the most recent company known to have discovered evidence of Russian covert influence on its books. As more media companies realize Russia bought advertising space or promoted news stories, fake and otherwise, on their platforms, covert influence has become the new money laundering. Both activities hide below the surface of legitimate enterprises, cast a shadow of disrepute on those very enterprises and can be neutralized through transparency and accountability. Anti-money laundering laws provide useful lessons for combating covert influence and could be adapted for online media models that do…

CIO Names Founder & CEO of DotConnectAfrica Sophia Bekele “Industry Trailblazer and Internet-Governance Pioneer”

Dianne Jacobs

CIO East Africa has been following Bekele’s work for many years now and so did we, at ITBusinessdirect.  No wonder the influential Business and Tech News Magazine in its May Issue 2017 decided to lay out a two page  spread and a cover note on this impressive Women-In-Tech and “her significant contribution to her field” entitled “MEET SOPHIA BEKELE – Industry Trailblazer and Internet Governance Pioneer”. True enough, Bekele’s career reads as one that simply picks up and champion the most challenging causes that society has neglected or that have…

Interview: Hootsuite’s CEO Lessons from Getting Hacked on Social Media

Cybersecurity

“Hey, it’s OurMine Team, we are just testing your security, please send us a message.” Earlier this summer, that message was blasted out to my followers on Twitter… only I didn’t send it. I had been hacked. It was embarrassing. I run Hootsuite, a social media management company that prides itself on world-class security for our customers. How could this happen? What did I do wrong? In the following days, I learned that Ev Williams, the co-founder of Twitter, had fallen victim to the same hackers. And not long before that,…

Simple Website Security Flaw Exposes Data Of Charter Internet Customers

Staff Writer
Liquid Telecom

A Website Security flaw discovered in the site of Charter Communications, a cable and Internet provider active in 28 states, may have exposed the personal account details of its customers. Security researcher Eric Taylor discovered the cable provider’s vulnerability as part of his research, and demonstrated how a simple header modification performed with a browser plug-in could reveal details about Charter’s Internet subscribers. After Fast Company notified Charter of the issue, the company said it had installed a fix within hours. The vulnerability could reveal personal information of “millions” of the…