Fraudsters are offering downloads of the new episodes or posing as if they can provide free streaming access, tricking users into visiting websites that can harvest personal information, financial details, and login credentials. This may result in identity theft and…
Insurance fraud continues to challenge the short-term sector in South Africa, chipping away at consumer trust and inflating premiums for honest policyholders. As the industry rapidly digitalizes, artificial intelligence (AI) is emerging as a critical new ally in this perennial…
Africa is impacted by several issues, one of which is fraud. It impacts plenty of sectors, including finance and commerce, which is the result of the rise in scams and cybercrimes. While there were times when people and organizations were…
Banks and online retailers can enhance their ability to detect hard-to-spot, high-risk fraud by incorporating shared fraud intelligence into their risk assessments, according to the latest Global State of Fraud Report from LexisNexis® Risk Solutions. The report highlights how collaborative…
With cybercriminals increasing their efforts and their attacks becoming more sophisticated and widespread, 2024 is forecast to see fraud professionals juggling mounting challenges such as the impact of added regulatory pressure in many parts of the world, the persistent issue…
Soon, South African’s could have the option of placing their retirement fund contributions in two ‘pots’ – the one being the retirement pot and the other being a savings pot that can be accessed by members while still in employment.…
A report by Sumsub, a full-cycle platform, gathered the information of a combination of a survey conducted by 100+ crypto companies and expert interviews of professionals in the industry. Overall, 800,000+ fraud attempts were studied for this report and all…
Many banks still rely on outdated batch upload processes for cardholder information and card status, which means consumers who need to cancel or block a stolen credit card will sometimes have to wait hours for their request to be actioned.…
Kaspersky experts have outlined the top four email scam themes and tactics currently prevalent in the Middle East and Africa region (META). These scams highlight different social engineering techniques used by cybercriminals. However, the objective remains the same, which is…
South Africa’s economy stands on the pillars of industries like mining and construction, crucial contributors to its prosperity. However, their significance also makes them appealing targets for cybercriminals. Fraud and corruption are ever-looming threats that demand immediate attention, and companies…