BIZweek n°322 25 déc 2020
BIZweek n°322 25 déc 2020
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  • Parution : n°322 de 25 déc 2020

  • Périodicité : hebdomadaire

  • Editeur : Capital Publications Ltd

  • Format : (260 x 370) mm

  • Nombre de pages : 9

  • Taille du fichier PDF : 3,8 Mo

  • Dans ce numéro : analyse sur le cyber-risque.

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VENDREDI 25 DÉCEMBRE 2020 BIZWEEK ÉDITION 322 ACTA PUBLICA AFRICAN ECONOMIC CONFERENCE Food security, agriculture, African Continental Free Trade Area (AfCFTA), crucial for Africa’s post-COVID-19 recovery « The agriculture sector is among the most vulnerable. Agriculture is important not only for food security issues but also for inter-regional food integration, » African Development Bank Director of Macroeconomic Policy, Forecasting and Research, Hanan Morsy, said during a news conference on the opening day of the African Economic Conference 2020 last week « We see this as an area that needs particular support, an area of opportunity going forward to increase inter-regional integration and to increase resilience against external shocks, » Morsy noted. The African Development Bank has provided much-needed financial and technical assistance to the sector, including small scale agribusinesses. In June 2020, the Bank launched the Feed Africa Response to COV- ID-19 (FAREC), a strategic roadmap to safeguard food security against the pandemic’s impact by supporting agriculture and creating regional food self-sufficiency. The three-day annual conference, which opened Tuesday was hosted virtually. It is being organized by the Economic Commission for Africa (ECA), the African Development Bank and the United Nations Development Programme (UNDP), under the theme, « Africa beyond COVID-19  : Accelerating towards inclusive sustainable development. » Le dernier tour d’horizon annuel du Directeur général concernant l’évolution des politiques commerciales montre une nette diminution du nombre de mesures de restriction et de facilitation des échanges adoptées par les Membres de l’Organisation Mondiale du Commerce (OMC) en ce qui concerne le commerce des marchandises au cours de l’année écoulée. Le rapport, qui a été présenté le 11 décembre à la réunion de l’Organe d’examen des politiques commerciales (OEPC) de l’OMC, indique que le recul des mesures ordinaires observé entre la mi-octobre 2019 et la mi-octobre 2020 s’expliquait principalement par la forte baisse de l’ensemble du commerce mondial enregistrée depuis le début de l’épidémie de Earlier, during a high-level panel session titled Africa beyond COVID-19  : How to move towards inclusive and sustainable development, participants proposed tapping renewable sources of energy, adopting new technologies and leveraging the African Free Trade Agreement as some of the ways African countries are working to build back better from the COVID-19 crisis. The panel featured  : Director Morsy, Bartholomew Armah Chief, Renewal of Planning Section Macroeconomic Policy Division ; Ahunna Eziakonwa, Assistant Administrator and Director Regional for Africa, United Nations Development Programme (UNDP) ; Sanjay Pradhan, Chief Executive Officer, Open Government Partnership ; Dorothy Jane Anika, Convener, Young Women in Political Party Leadership (Kenya) and, Member, UN Women Beijing 25+ Global Youth Task Force ; and Dr Raymond Gilpin, Chief Economist and Head of Strategy, Analysis and Research at UNDP Africa. Members of the panel acknowledged that the pandemic had sharpened Africa’s challenges. « We are seeing a catastrophic health crisis, a devastating economic crisis, a climate crisis that is ravaging communities, a crisis of inequality laid bare by the pandemic and a crisis of democracy reflecting citizens eroding trust in their governments. No single stakeholder group can tackle these crises on its own, » said Pradhan. Some key areas of intervention emerged, including the importance of addressing the needs of the informal sector and extending social protection to the most vulnerable in society. « This year, we published a report that looked at what it would take to provide a temporary basic income in a COVID-19 affected world, and this is most important for Africa, where most people do not have any safety net to address the ravages of COV- COVID-19. En présentant le rapport aux Membres, le Directeur général adjoint Yonov Frederick Agah a déclaré ceci  : « Je pense que le suivi régulier des mesures de soutien introduites dans le contexte de la pandémie sera important pour les Membres et leur permettra de suivre l’évolution et les effets de ces mesures en même temps que le monde sortira de la crise sanitaire et entrera dans une phase de reprise. » Le rapport rend compte de l’incidence de la crise sanitaire mondiale sur le commerce et la politique commerciale de manière plus complète que le rapport précédent, publié en juillet 2020, qui ne saisissait que les tout premiers effets de la pandémie. Alors que le commerce mondial ralentissait avant la pandémie de COVID-19, la valeur des exportations de marchandises en USD nominaux a diminué de 21% au deuxième trimestre de 2020 par rapport à l’année précédente, tandis que celle des exportations de services commerciaux a enregistré une baisse de 30%. Une part importante du commerce mondial a été affectée par des mesures commerciales directement liées à la pandémie. La valeur du commerce de marchandises visé par des mesures de facilitation des échanges liées à la COVID-19 mises en œuvre depuis le début de la pandémie est estimée à 227 milliards d’USD, tandis que celle des échanges visés par des mesures restrictives pour le commerce en lien avec ID-19, » Gilpin said. The pandemic has also placed a heavy burden on women, panellists acknowledged, one that often might go overlooked because of the sheer array of statistics. « People need to see a human face and human feeling in response to COVID-19 », said Anika. Solutions and opportunities are also openingup as a result of the pandemic, said the panellists. « The COVID-19 pandemic has reduced the cost of fossil fuels, making green renewable alternatives competitive. African countries have a wealth of renewable resources that can be tapped to then leverage jobs and create employment for the vast majority of people, » said Armah. In addition, the imminent coming into force of the AFCFTA is expected to accelerate the continent’s recovery and increase its resilience by boosting the level of intra-African trade of goods and services. Un rapport montre que les restrictions commerciales introduites par les Membres de l’OMC dans le contexte de la pandémie de Covid-19 ont nettement diminué la COVID-19 a atteint 180 milliards d’USD. Sur les 335 mesures commerciales et liées au commerce visant les marchandises prises dans le contexte de la COVID-19 depuis le déclenchement de la pandémie, 58% cent étaient de nature à faciliter les échanges et 42% étaient restrictives pour le commerce. Environ 39% des mesures restrictives visant les marchandises adoptées par les Membres de l’OMC et les observateurs immédiatement après l’apparition de la pandémie avaient été abrogées à la mi-octobre 2020. Il est apparu que la plupart des 124 mesures liées à la COVID-19 adoptées par les Membres de l’OMC dans le secteur des services, lequel a été durement touché, visaient à faciliter les échanges. 4
VENDREDI 25 DÉCEMBRE 2020 BIZWEEK ÉDITION 322 SANJEEV JHURRY, Head of Information Security Bank One 100.00% 75.00% 50.00% 25.00% 0.00% Afnca Asic Austre lia Su rave North South America America Work from home, the new reality As many countries are dealing with the re-opening and, in some cases, re-closing of their borders in the wake of the Covid-19 pandemic, the concept of remote-work or Work from Home (WFH) is garnering more interest from organizations. Faced with the new reality, both employees and entrepreneurs are resorting to WFH or telecommuting to push their way through 2020 and beyond. According to a Global Workplace Analytics survey carried out among 3,000 employees working remotely during the pandemic, it was noted that 73% are very successful when working from home, 86% say they feel « fully productive » working from their home office and 76% want to continue working from home at least 2.5 days per week, on average. A separate study conducted by showed that employees prefer remote working as they spend less time commuting to and from work, and the work-life balance has made them more productive and focussed as shown in the graph below : Other Don't work s remote fle Save money No commute Family/Work-Life Balance Less stressful Increased productivity/botter locus New reality means new challenges for Cybersecurity Adopting WFH encapsulates some challenges as it exposes companies to greater risk when it comes to cybersecurity – they are more susceptible to phishing and malware attacks, thus exposing their business to multiple cyber threats. The following are the different cybersecurity threats/challenges that companies are currently facing : The surface of attack has greatly increased with more users connecting to the network from outside the company – the network is no more closed. Also, there has been increased cybercriminal activity, as evidenced by a 131% growth in virus attacks and about 600 new phishing attempts every day when the pandemic started [source  :]. Cyber Attacks are also evolving in size and sophistication  : In the beginning, POST SCRIPTUM THOUGHT LEADERSHIP PIECE the number of phishing attacks were directly related to COVID-19 (including ones purporting to be from the Centres for Disease Control & Prevention). Later, these attacks centred on stimulus packages and unemployment insurance, before evolving into subjects like vaccines and the stock market. They are not only usingemail for these attempts but also online ads, mobile apps and other tactics. Most companies have stringent security testing to make sure that their corporate network is secure and the required security expertise, systems and tools to check for and protect from suspicious network traffic. Conversely, many home networks are setup by the end-users themselves, using the router supplied by their Internet Service Provider without any advanced security system. This means that the home network is typically not securely configured as it does not encompass the safeguards available on the corporate networks. So, how can we mitigate those risks ? Proposed Solutions It is of utmost importance for companies adopting WFH to implement solutions based on people, process and technology in order to protect them from the increasing cyber risks and threats. Process From a governance perspective, companies should create a remote working policy. This willassist them in guiding staff through the challenges of working remotely, reducing the risks and ensuring the impact on productivity in minimised. With the shift to an expanded Work from Home environment, the risk surface has radically increased for most companies. These changing circumstances justify a reassessment of the cyber security risks in order to prepare the IT and response teams for reprioritizing their efforts to keep company data safe. A comprehensive risk assessment exercise should, therefore, be conducted to re-evaluate the company risk profile based on its work force moving to a WFH environment. Devices issued by the company are generally setup to be very secure and when staff work remotely using company computers, the risk is lower than using their own devices, as long as all security settings remain in place and software continues to beupdated regularly. Work devices incorporate strict security settings, good antivirus and safe software that is approved and pre-installed. Finally, it is critical for the company toupdate and test its incident response procedure [and playbooks]. Companies need to specify know how to react if an employee working from home has a laptop that is infected with a malware such as ransomware – what should the employee do ? Should he/she shutdown the laptop ? Or wait for someone from the IT department to collect and examine the device. All these are possible scenarios and responses must be defined beforehand and detailed procedural steps have to be clearly spelled out in the manuals to mitigate the consequences of attacks. People Ongoing security awareness training must be conducted to keep employeesupdated about the security risks they are exposed to and help them understand how these risks can impact business continuity and ultimately the company brand image. Below are a few topic suggestions for the security awareness sessions : Using a private home network as opposed to a guest network ; New types of Social Engineering like phishing and vishing ; Best practices foremail and web behaviour ; and Home network device security. Lastly, testing the effectiveness of awarenessis very important, and the undermentioned processes tend to buttress same. Underneath are a few suggestions for reinforcing security awareness : Performphishing simulations ; Monitor the number of reported anomalies from users ; and Test awareness of guidelines for safe web browsing. Technology In terms of technology solutions, different controls can be implemented based on the following scenarios  : 1. Employees using their own devices to access the business environment. 2. Employees using corporate devices to access the business environment. 3. Employee using their own or corporate devices to access the company Cloud environment. For scenario 1 (i.e. employees using their own devices to access the business environment), the suggested solution is to implement a Virtual Desktop Environment. The latter willaccommodate for an increasing number of remote workers. The user gets a desktop designed as per his/her individual profile with access to only required applications. Also, this system should have Multi-Factor Authentication (MFA) enabled. This implementation represents numerous advantages such as : User Accesses are tightly controlled ; Propagation of malware is more difficult ; and It is easier to contain incidents. For scenario 2 (i.e. employees using corporate devices to access the business environment), the suggested controls are as follows : Access must be given only through Virtual Private Network [VPN] with MFA enabled ; Install Mobile Device Management Cont’d on page 6 5

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