September 4—Part of the $1.5 billion which the Standard Chartered Bank Group began investing last year, is going into protecting its online platforms from hackers as it pushes for expansion of digital banking across its global network.
Albert Saltson, the chief executive officer of Standard Chartered Bank Uganda, said they are very careful with security and had invested heavily in new technology to make sure their systems are safe.
While recently hosting the media, Saltson however cautioned them not be alarmist in their reporting, but appreciated their role in disseminating developmental information.
“The media is stronger than what you people estimate. You can destroy or create an economy with the power of your words. That is why I am appealing to you to do positive reporting so that we can all build Uganda together,” Saltson said.
The Permanent Secretary in the Ministry of ICT and National Guidance, Vincent Bagiire said with the rapid uptake of electronic banking, the risk of cyber insecurity has increased.
Bagiire, who represented the Minister, Frank Tumwebaze, asked the bankers to go the extra mile to make sure that their customers are safe online.
“Apart from the passwords and pins, there is need for the banks to use extra expertise in making sure that no unauthorized person can access information that is not meant for him. The hackers have become even smarter, when you think you are too safe, that is when they will attack you,” Bagiire said.
The media fiesta was organized by Standard charted bank to appreciate the good work the media has been doing in delivering information to the bank’s customers.