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GBP56 million fine, and what it means for SA businesses

GBP56 million fine, and what it means for SA businesses

When the Risk Manager of RBS arrived at work, he couldn’t have known that at 3pm he would be plunged into the worst nightmare of his career. When a system’s upgrade went wrong, staff tried to return to the original system, which failed. He had a back-up of course, but...
Keep calm and manage your IT Risk

Keep calm and manage your IT Risk

“There is a joke doing the rounds about who was responsible for initiating your digital transformation, the CEO, CIO, CTO or COVID-19?” Today in Futurewave Business IT (23 April 2020) The reality is that suppliers of outsourced IT solutions represent...
Why It Is Not a Good Idea for CIOs to Self-insure

Why It Is Not a Good Idea for CIOs to Self-insure

The temptation for Chief Information Officers (CIOs) to self-insure business-critical software often happens after they’ve had a few bad experiences with escrow service providers that deliver substandard service. CIOs may feel they are best suited to insure their...
The Risks of Digital Transformation

The Risks of Digital Transformation

NEDBANK posted outstanding financial results for the first half of 2022. It attributed much of its success to a massive digital transformation overseen by COO, Mfundo Nkuhlu. However, the risks of digital transformation cannot be ignored, and can cause dire...