Growing market for personal insurance cover against online threats

Cybercrime numbers are on the up, and South Africans are not immune from this growing threat. Some of the statistics are frightening. Banking app losses increased by more than 88% last year to an average loss of R14 253 per transaction. Online banking losses increased...

Make this a season of festive cheer and not festive fraud

The festive season is a time when most South Africans, like the rest of the world, will be looking to spoil their loved ones by purchasing them gifts. Over the past few years, South Africans have been lucky enough to be able to take advantage of the discounts that are...

US fund backs Africa’s fight against mobile cybercrime

Cybersecurity firm Evina, present in 70 countries that include 15 in Africa, has secured a €20-million Series A funding round to consolidate its fight against mobile fraud that has already prevented the theft of a billion euros from telecom operators and their...

Partnering to make SA more cyber secure

Cybersecurity professionals from the public and private sectors as well as academia have joined forces to establish the Cybersecurity Digital Alliance. This is an industry body dedicated to creating a safer digital environment through policy advisory and support,...

Internal fraud: who commits it and why?

International Fraud Awareness Week, from 14-20 November, highlights an increasing problem that organisations around the world are facing. According to the Association of Certified Fraud Examiners (ACFE), businesses lose around 5% of their annual revenue globally due...

Mitigate the risk of payments fraud

Global losses from payment fraud have tripled from $9,84-billion in 2011 to $32,39-billion in 2020, according to Deutsche Bank’s 2021 report on the future of payments. And financial professionals are saying Covid-19 hasn’t helped matters, with 65%...