Business

NAMIBIA has become one of the African countries targeted by cybercriminals, after it emerged as the top African destination for cybercriminals according to Check Point Software Technologies at the end of  December 2015. First National Bank Chief Information Officer, Garth Kleintjies said despite the country still being small and only known to a few internationally, it has become a popular  estination for cybercriminals. Kleintjies defined cybercrime as any criminal activity that is done using a computer or which originates from the Internet, adding that cybercriminals usually aim at either stealing information, money and/ or defaming their victims. “We have inadequate laws that focus on dealing with and bringing cybercriminals to justice. We also have limited capability of pro-actively monitoring and preventing such attacks as this requires huge investments in security infrastructure and systems,” Kleintjies saidKleintjies said if the country desires change and to deal more effectively with cybercrime, it will require a collective effort as a nation. There is an onus on government, corporates, business and consumers or individuals when it comes to cybercrime. He said government has to play its part in providing laws that deal specifically with cybercriminal activity, ensure capability to enforce and apply these laws, develop capacity for specialist skills and reduce the time it takes to bring cybercriminals to justice.“Joint agreements with othergovernments will have to be put in place as cybercriminals operate without borders and this in itself is the biggest challenge in bringingthem to justice,” Kleintjies said. Government has realised this and is in the process of drafting and having the Electronic Communications,Data Privacy and Cybercrime Bill tabled for approval in Parliament.

TAX AFTER THE BUDGET

Thursday, March 16, 2017 - 10:30
While wealth-based taxes could do more for Namibia with rebalancing unequal income distribution in the country, some of the tax policies voiced in the financial year 2017/18 budget could prove cumbersome when it comes to implementation as well as the effects they have on the economy. 

FNB shows positive growth

Thursday, March 2, 2017 - 10:15
The First National Bank Namibia’s half year result shows escalating positivity notwithstanding an embattled economy that saw Namibia facing severe headwinds that include a current economic growth forecast for 2016 which has been revised downwards by government and most research houses  .

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