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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.

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.  

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Sanitise Economy, Curb Debtors Via Technology, Ekeh, Zinox Boss

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Leo Stan Ekeh, serial digital entrepreneur and chairman, Zinox Group

Leo Stan Ekeh, Africa’s leading technology entrepreneur, has charged the Federal Government to leverage technology in reducing to the barest minimum the growing incidences of corporate debts and usher in an era of unprecedented boom and sanity in the Nigerian economy.

 

He made this assertion while delivering the Guest Lecture at the maiden edition of the 2018 Nigerian Online Merit Awards (NiOMA) held in Lagos recently.

 

Ekeh, chairman of the Zinox Group, who disclosed that technology will resolve much of the contemporary problems facing the Nigerian state if holistically applied, noted that the country will benefit immensely if the government turns to technology in its search for lasting solutions to the challenges confronting the economy.

 

According to Ekeh, the recent revelation by the Asset Management Corporation of Nigeria (AMCON) that, about 350 Nigerians account for 80 per cent of its N5.4 trillion debt portfolio and the refusal of majority of these debtors to liquidate their indebtedness is an issue that can be easily resolved through the application of technology if there exists accurate data of how these debts arose.

 

In his opinion, it could also be that the government at different levels are partially responsible for some these debts, especially if they were unable to meet their obligations to some of these corporates.

 

Ekeh acknowledged that the present debt profile should be a case study for upcoming entrepreneurs or part of the issues to be dissected by data analysts on why some of these businesses failed, noting that this may also reveal a lot of insider compromises on the part of the lenders so that sincere lessons could be learnt and better structure and systems put in place to avert a recurrence.

 

“Working in concert with the Nigeria Inter-Bank Settlement System (NIBSS), the Central Bank of Nigeria (CBN), Attorney General of the Federation and the Economic and Financial Crimes Commission (EFCC) for enforcement purposes, AMCON can leverage a simple technology application that makes it easy to access the bank balances of debtors across all the various banks in Nigeria. This will be a mandatory requirement for the extension of loans and credit facilities and will foster more responsible borrowing as the lenders can easily debit the accounts of borrowers upon due date to recover sums extended.

 

“This will not only reduce the growing profile and negative trend of corporate debts, with its attendant detrimental effect on the economy but will also expose many Nigerians who are publicly hailed as billionaires but who are only living large off depositors’ money, while frustrating further lending to start ups,” he stated.

 

Disclosing the many ways he has relied on technology to ramp up efficiency in his various businesses and simplify complex processes, Ekeh revealed that by next week, he would be trying out a new Enterprise application that will simplify transaction with bankers, irrespective of the numbers.

 

“This application will give us control over all of our bank accounts instead of relying on bank staff to implement our instruction at their convenience.”

 

He also disclosed that the new warehouses widely reported as recently acquired by e-commerce giant Konga were equipped with digital cameras with data analytics and artificial intelligence capabilities which can easily detect fraud and random inconsistencies such as a change in the appearance of an individual or item captured on entry into the facilities. Most importantly, these cameras are cloud based.

 

Urging the government to commit more resources to technology in resolving the unemployment challenges and drive the nation towards rapid development, Ekeh cited the influence of technology in the political space which has reduced post-election litigations from 87% to about 33%, noting that this will further reduce to 11% or thereabouts with the adoption of electronic voting, if funded by the government.

 

“Technology does not lie; it is either you are right or wrong. With technology, you can do unimaginable things. You don’t even need to go through the four walls of a University to acquire quality education,” Ekeh enthused.

 

The Zinox Chairman who spoke on the theme – Leveraging the Internet Revolution to leapfrog Nigeria’s development – affirmed that Information Technology will disrupt the Nigerian economy positively by the year 2023, creating immense opportunities and new wealth for many Nigerians.

 

Noting that this will happen irrespective of the status of leadership at the helm of affairs in the country, Ekeh urged attendees at the event to prepare for the coming disruption.

 

While appreciating the organizers and Publisher of News Express, Mr. Isaac Umunna, Ekeh who received the ICT Icon of the Year award at the event also seized the opportunity to recognize the media for the long years of support in spreading the ICT gospel, even as he declared his intention to stand down from participation at many of such future events in order to allow the younger generation and his son, Prince Nnamdi Ekeh, founder of Yudala to take the stage as he believes they have better global education and exposure to lead the nation to the digital promised land.

 

Among dignitaries in attendance at the event was former Executive Vice-Chairman, Nigerian Communications Commission (NCC), Dr. Ernest Ndukwe who chaired the event; Lagos State Governor, Akinwunmi Ambode represented by the Commissioner for Information and Strategy, Kehinde Bamigbetan; Publisher of the Guardian Newspapers, Mrs. Maiden Ibru; former Vice-Chancellor, Obafemi Awolowo University and Chairman, Editorial Board of the Guardian, Prof. Wale Omole and Editor, Vanguard Newspapers, Mr. Eze Anaba, among others.

 

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Mobile Operators Commit to Common Approach to IOT Security

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The GSMA has announced that global mobile operators have committed to adopt and implement the GSMA IoT Security Guidelines.

The guidelines outline best practice and recommendations for the Internet of Things (IoT) security for the entire IoT ecosystem and set out a comprehensive security assessment scheme to help ensure IoT services are protected against IoT security risks. There will reach 3.1 billion IoT connections by 2025, according to GSM A Intelligence.

“For the IoT to flourish, the industry needs an aligned and consistent approach to IoT security. Our guidelines encourage the industry to adopt a robust set of best practices that will help create a more secure IoT market with trusted, reliable services that can scale as the market grows.

“The mobile industry has a long history of providing secure services in licensed spectrum and by implementing these guidelines, we can help ensure the long-term sustainability and growth of the market,” commented Alex Sinclair, Chief Technology Officer, GSMA.

The GSMA IoT Security Guidelines are targeted at IoT service providers, device manufacturers, developers and mobile operators and provide best practice for the secure end-to-end design, development, and deployment of IoT solutions across industries and services.

They address typical cybersecurity and data privacy issues associated with IoT services and outline a step-by-step process to securely launch solutions to market.

They are supported by an IoT Security Assessment scheme that provides a checklist to support the secure launch of IoT solutions into the market and keep them secure throughout their lifecycles thereby creating a sustainable IoT ecosystem that is designed for end-to-end security.

Both the GSMA IoT Security Guidelines and IoT Security Assessment also cover the fast-growing Low Power Wide Area or Mobile IoT technologies, LTE-M and NB-IoT.

 

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BoICT Explains Why Glo Won Most Innovative Award

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Organisers of the Beacon of ICT Awards, Communications Week Media, have said that Globacom won the Most Innovative Player Award at the 2018 edition of the awards because it pioneering most of the innovations in the nation’s telecoms industry.

Giving the explanation while presenting the awards to Globacom,  Ken Nwogbo, Editor-in-Chief and Chief Executive Officer of Communications Week Media, reiterated  Globacom’s consistent role as the pioneer in Nigeria’s telecom space in the area of innovation and service quality.

According to him, “Glo has remained consistent in pioneering most of the innovations we have in the telecoms industry today, both in voice and in data services.

Glo Café, Borrow me Data, Campus Booster, E-top Up and Easy Share are among the recent products which have offered unparalleled experience for telecom subscribers on the Glo network. Many of the respondents who took part in the poll said this was why they voted for Glo as the Most Innovative Mobile Player”.

Nwogbo further explained that winners in the various categories were decided by readers of Communications Week in an online survey conducted by the magazine from November last year to March 15, 2018.

The Beacon of ICT Awards was instituted to reward the vision and efforts of individuals and companies that have contributed to the growth of the ICT industry in a particular year.

The main objectives of the awards are to evaluate and recognize standards of excellence in the country’s quest for growth and development in the use of ICT and to ensure that ICT professionals are provided a basis for recognizing and validating outstanding contributions.

 

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