Search interest in NFTs drops

Search interest in non-fungible tokens (NFTs) peaked at 100 for the week 19 to 25 June 2022. Fast forward to a year later, and the score has plummeted to a low of 32 during the week of 4 to 10 June 2023 – a massive 68% fall in the measure. BanklessTimes CEO...

Ethernet switch growth continues strong

The worldwide Ethernet switch market grew revenues 31,5% year over year in the first quarter of 2023 (1Q23) to $10-billion. The total worldwide enterprise and service provider (SP) router market recorded $4,1-billion in revenue in 1Q23, a 14,1% annual increase. These...
Money muling, forged documents top SA fraud risks

Money muling, forged documents top SA fraud risks

The South African fraud landscape has increased significantly over the past three years, with impersonation fraud, money muling and forged documentation being the most significant challenges the Southern African Fraud Prevention Services (SAFPS) have had to deal with....

DBSA comes under ransomware attack

The Development Bank of Southern Africa Limited (DBSA) has confirmed that it was subjected to a ransomware attack by a malicious threat actor on about 21 May 2023. Based on preliminary investigations, the DBSA believes the threat actor to be Akira, a Russian...

Regtech spend surges as AI, ML unlock efficiencies

Spend on regtech by financial institutions and other industries will increase by 124% between 2023 and 2028 globally, from $83-billion in 2023, according to a new study from Juniper Research. Increasingly complex regulatory requirements are driving corporates to adopt...

These were the major initial vectors of ransomware attacks in 2022

A new Kaspersky report has showed that the majority of ransomware attacks in 2022 started with exploitation of public-facing applications, data from compromised user accounts and malicious emails. According to the IT Security Economics report, more than 40% of...