Staying Vigilant in the Festive Season: Why Cybersecurity Matters
As the festive season approaches, the air is filled with excitement—and so is the online world. From holiday sales to virtual greetings, our digital footprint grows exponentially during this time. Unfortunately, cybercriminals are equally active, exploiting the season’s rush to target individuals and businesses. Staying vigilant has never been more critical. In 2024, Kenya’s cyber […]
Securing Data Privacy in Kenyan Enterprises: Best Practices and Lessons from the Field
Since the Data Privacy Act, 2019 (DPA) was passed, data privacy has become a crucial concern for Kenyan enterprises. Compliance is now a business need due to the increased enforcement of data privacy and security regulations brought about by the creation of the Office of the Data Protection Commissioner (ODPC). This blog explores essential data […]
Revolutionizing Manufacturing IT: Data-Centric Security Strategies
As manufacturing companies increasingly turn to automation and robotics, robust data-centric security measures become paramount. The shift towards smart manufacturing, where machines and systems are interconnected, exposes organizations to cybersecurity threats. Reel Informatics’ Data-centric security offers a transformative approach to safeguarding sensitive information, enhancing operational efficiency, and building trust in automated processes. Reel Informatics Limited […]
Enhancing IFRS Compliance in Financial Audit
The IT Audit Gap As businesses increasingly rely on technology to manage financial data, IT audits have become critical to financial audit and assurance exercises. The role of technology in financial reporting is undeniable. While the International Financial Reporting Standards (IFRS) do not explicitly mandate IT controls, they are essential for ensuring the accuracy, integrity, […]
Enhancing Financial Audits with IT Audit and Assurance as a Service
Reel Informatics’ Value Proposition Complex IT infrastructures, growing volumes of data, and ever-evolving cybersecurity threats demand an advanced financial auditing approach beyond traditional financial checks. At Reel Informatics, we recognize the need to address these challenges head-on by integrating IT audit and assurance into the financial audit process. Our objective with IT Audit and Assurance […]
Rising Losses in Kenya’s Microfinance Sector: A Need for Transformation
Rising Losses in Kenya’s Microfinance Sector: A Need for Transformation Microfinance, a critical tool in fostering financial inclusion, particularly in developing economies, has emerged as a game-changer. By providing small loans and financial services to those who lack access to traditional banking, microfinance institutions (MFIs) are not just financial entities but also social catalysts. They […]
Navigating the NGO Regulatory Transition in Kenya: A Guide to the PBO Act 2024
Introduction The transition from the Non-Governmental Organizations Coordination Act of 1990 to the Public Benefit Organizations Act of 2024 marks a significant shift in NGOs’ regulatory framework. The Kenyan government aims to modernize and streamline operations, enhance accountability, and improve NGOs’ efficacy in addressing societal issues. This may include. Enhancing or promoting the economic, environmental, […]
Supply Chain Attacks: Shielding Your Business from Hidden Threats
The Modern Threat Landscape: Why Supply Chain Security Matters The efficiency and success of organizations are at stake as new cyber threats have emerged due to the increased reliance on third-party vendors and external service providers. These threats, often in the form of supply chain attacks, can have devastating consequences. These attacks can lead […]
Unlocking Success: Strong Governance for Saccos & Microfinance
Lack of systems audits exposes Saccos to massive fraud losses. Saccos suffers significant losses due to a lack of persistent up-to-date systems audits, internal control, and poor diversification of their members’ funds. In May 2024, the Kenyan Daily Nation reported that management at KUSCCO, the umbrella body for Kenya Saccos, siphoned a staggering Sh580 million annually over 10 years. […]
Securing Your SME: Overcoming Cyber Challenges
Navigating cybersecurity can be daunting for small and medium-sized enterprises (SMEs), but there’s support available to ensure your business stays protected in the digital age. Running a small business in Kenya comes with its unique set of opportunities and obstacles, especially when it comes to cybersecurity. While you may not have the resources for a […]