Deepfake incidents on the rise
Deepfake cyberattacks are on the rise, with South Africa seeing a massive 1 200% increase in deepfake fraud this year. This is among the findings from Sumsub's third annual Identity Fraud Report, which analyses identity fraud across industries and regions based on...
Software engineering set to embrace AI practices
Transformational technologies, including AI-augmented software engineering (AIASE), AI coding assistants and platform engineering, will reach mainstream adoption in two to five years, according to the Gartner Hype Cycle for Software Engineering, 2023. “AI-augmented...
Hacker-for-hire group DeathStalker strikes again
DeathStalker is an advanced persistent threat (APT) actor that is believed to offer hacking-for-hire services to steal sensitive business information from companies in the financial and legal sector. First reported by Kaspersky researchers in August this year, the...
Key takeaways from Black Friday 2020
While pre-Covid-19 e-commerce played on the periphery of retail in South Africa, BankServ figures show online sales surging 62% year-on-year (YoY) on Black Friday as virus-wary South Africans shunned in-store shopping. On the other hand, brick-and-mortar sales figures...
Online fraud rose over Black Friday weekend
There has been a 6,59% rise in suspected online retail fraud coming from South Africa during the start of the 2020 holiday shopping season compared to the same period in 2019. These findings are based on the online retail transactions TransUnion analysed for its...
Top marketing predictions for 2020 and beyond
Gartner's top marketing predictions for 2021 and beyond explore how post-pandemic renewal strategies put marketing on the hook for redefining and reestablishing customer relationships in line with digital's "new normal". "The need for vision, innovation and...
Calling young innovators …
Applications have opened for the Global Young Innovators Programme, a free programme offered to 60 of the best and brightest young innovators and entrepreneurs in South Africa and the UK to come together to tackle some of the world's biggest challenges. Aimed at 18-30...
Blockchain could boost economy as it raises trust
Blockchain technology has the potential to boost global gross domestic product (GDP) by $1,76-trillion over the next decade. That is the key finding of a new PwC report "Time for trust: The trillion-dollar reason to rethink blockchain", which assesses how the...
Millennials prefer bitcoin to gold as a safe-haven
Millennials prefer bitcoin to gold as a safe-haven asset, according to a poll by deVere Group, as the cryptocurrency this week peaked at an all-time high of $19 864. More than two-thirds (67%) of the 700-plus millennial clients surveyed said that they think bitcoin...
Black Friday 2020 spend dropped by more than half
Consumers' pockets were evidently under strain this Black Friday as sales fell behind 2019's figures. The total transaction volumes plunged by -33% and values by -52% year-on-year. Most of the South Africans who splurged used their credit cards. "The usual midnight to...
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