United Bank imposes risk management

West Africa-based United Bank for Africa has welcomed the move by Africa's central banks to impose stricter controls on commercial banks to ensure operational risks are well covered, says The East African.

The bank's CEO in charge of Kenyan operations, Manz Denga, says the risks facing the sector are significantly complex and therefore adequate reforms should be pursued to cushion the banks from risks that could be detrimental to them.

In what could spur the bank's expansion strategy on the continent, Denga says the United Bank for Africa is well capitalised and has put in place strong risk management strategies to mitigate any arising risks.

Archer Technologies, a provider of enterprise governance, risk and compliance (GRC) solutions, has partnered with Nova Datacom to roll out solutions to state agencies, states PR-USA.net.

Based on the Archer Business Continuity Management solution, the Archer and Nova Datacom offering includes public sector terminology, processes and reporting capabilities.

Alex Cho, founder and CTO of Nova Datacom, says: "We're very excited to be working with Archer Technologies. Archer's comprehensive GRC solution will allow us to better serve our clients in the Department of Defence and other intelligence agencies.”

According to a study by Nemertes Research, data loss prevention (DLP) systems are gradually entering the mainstream, reports Computerworld.

Nemertes Research says compliance is driving spending and security decisions in more than 75% of larger companies and especially in the financial sector.

However, Nemertes points out that even in these industries, adoption is not uniform as small companies (less than $500 million in revenue), are not yet implementing DLP solutions. Nemertes predicts smaller enterprises will start deploying DLP in 2010 to 2011.