Stakeholders Call For Urgent Solutions To Devastating Hacking Incidents
CIC Microinsurance Principal Officer Michael Mugo speaking at Zetech University during the launch of the Doctor of Philosophy in Business Administration and Management.
By John Kamau
Following a spike in hacking in the country attributed to massive tech job layoffs and which have in the recent years plagued many enterprises, corporates have been urged to convert the negative energy of hackers into positive one by creating opportunities for them.
As a result of increased cyberattacks and ransomware, many institutions have been grappling with financial loss, reputational damage, regulatory non-compliance and identity theft necessitating the need for institutions to protect their systems and customer data from threats.
According to Michael Mugo, the Principal Officer at CIC Microinsurance – CIC Group, lack of opportunities for youngsters should be blamed for cyber attacks that continue to devastate Kenya’s digital infrastructure.
Speaking at Zetech University during a Postgraduate Luncheon and Launch of PhD in Business Administration and Management, Mugo called on corporates to offer the youth alternative opportunities to restore the public’s confidence in cybersecurity.
In a world filled with turbulence, Mugo emphasized the importance of leveraging relationships, technology, and partnerships in research to drive impactful leadership.
“It will be important as a nation to tap and convert the negative energy in the young people into something transformative to ensure that our corporations thrive,” stated Mugo.
“We must leverage technology to create opportunities that will take the country forward. We have to embrace the relationships and networks that we have, harness the power of partnerships and collaborations in research to make a lasting impact as thought leaders of the ever-evolving 21st century,” remarked Mugo.
On his part, former Principal Secretary for Water and Sanitation Joseph Wairagu stated that in the wake of technological growth, the government should put a lot of weight on data protection to safeguard information and data.
“If we don’t enforce compliance with the Data Protection Act of 2019, it will be misused. The government should put a lot of weight on it to minimize hacking cases,” stated Wairagu.
Zetech University’s Dean of the School of Business and Economics Prof. Peter Kibas underscored the importance of the PhD programme launch in fostering research that delivers real-world solutions.
To address pressing global challenges, Prof. Kibas noted that the program will help students develop solutions that have lasting impact.
“We are encouraging students to strive to make an impact in their fields of research beyond just earning their degrees,” advised Kibas.
Launch of the PhD in Business Administration and Management program is aimed to foster innovation and excellence in key areas such as business intelligence and data analytics, strategic management, human resource management, finance and entrepreneurship, and procurement, logistics, and supply chain management.
It is a testament to the varsity’s commitment to equipping professionals with the skills and expertise required to lead in an increasingly complex and data-driven world.
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