Preventing, managing risk in electronic banking

Banking is a tough industry to be in. Not only do financial institutions carry the burden of managing large amounts of money, they also have to stay on top of constantly changing legislation and the introduction of new technology and customer demands that impact how...

Data the most valuable asset

Cybercrime is expected to cost businesses about R78 trillion by 2021, according to statistics quoted by Cisco Connect South Africa. The internet has created the perfect platform for cyber criminals to grow and prosper as they find ways around security systems and many...

Collaboration key to combat medical aid fraud

Healthcare fraud, waste and abuse are some of the most complex forms of financial fraud to detect, monitor and prevent because the perpetrators are at every level of the delivery chain from healthcare providers at the top to policy holders at the bottom with many...

Businesses use trade credit to secure debtors

With South Africa’s current economic and trade environment remaining constrained and unpredictable, businesses are increasingly recognising the benefits of trade credit insurance to protect their bottom line. Trade credit insurance protects a business against...

Data breaches are a part of doing business

Data has become the lifeblood of modern life as everything from room temperatures and health records to banking details and WhatsApp messages are collected and stored. The rapid digital transformation of businesses and services has created an unprecedented amount of...

Online banking fraud – consumers have a say

Incidents of online banking fraud continue to rise in South Africa as more consumers become comfortable with transacting on the internet. While cyber fraudsters are known to target companies – or financial institutions – in order to steal larger amounts,...