Account takeovers shot up in 2020
In 2020, every second fraudulent transaction in the finance industry was an account takeover, a report by Kaspersky Fraud Prevention has found. According to anonymised statistics of events detected by Kaspersky Fraud Prevention from January to December 2020, the share...
Net 1 posts quarterly losses
Net 1 UEPS Technologies has posted lower revenue for the second quarter, but is confident that organisational changes will see performance improve going forward. During the quarter, the group recorded a net increase of 44 000 EasyPay Everywhere (EPE) account holders,...
New approach needed for the new world
Kathy Gibson at the IDC CIO Summit, Sandton – The new world of the digital organisation presents a wealth of new challenges for IT. Jyoti Lalchandani, group vice-president and regional MD: Middle East, Africa and Turkey at IDC, says a real shift is happening and it’s...
Cape Town renews Pragma contract
The City of Cape Town has renewed its contract with physical asset management company, Pragma, for a further three years from July this year to June 2018. “We’re absolutely thrilled with the renewal of the City of Cape Town contract,” says Frik Kirsten, asset care...
Spotlight on counterfeit electrical goods
Energy management specialist Schneider Electric has released the first survey on electrical counterfeiting products in African countries, revealing that it affects between 40% and 80% of their respective markets. The survey was conducted in 11 African countries -...
Cell C supports students
Cell C has named the 10 young women who will be the recipients of its annual Girl Child Bursary, which will enable them to continue with their tertiary education. Since 2012, the Cell C Girl Child Bursary Fund has been supporting 10 beneficiaries. Thanks to generous...
3D Secure – will it work?
Card fraud has become as commonplace in South Africa as load-shedding and, according to the SA Banking Risk Information Centre, losses due to fraud have increased by 23% to R453,9-million. To combat this, the Payments Association of South Africa (PASA) put in a 28...
SMEs can increase their visibility
MTN Business has launched Bring Your Business Online, a platform that gives small and medium-sized businesses (SMEs) increased visibility by providing online presence on the MTN managed domain for less than R20 a month. “SMEs are the lifeblood of the South African...
Team Switch wins first ‘codeFest’
“Team Switch” from FNB Merchant Services won first prize at the inaugural FNB codeFest, held at the Fairlands Campus last week. In a non-stop 24 hour coding marathon, IT experts from across the bank collaborated to build solutions that will improve the financial services and overall banking experience of customers. The winning team’s innovation involved customers using virtual credit cards to make payment through secure online facilities.
Mobile users unaware of cyber threats
Mobile devices are more popular than ever, but their owners still underestimate the danger they may face from cybercriminals, with 28% of global users knowing nothing or very little about mobile malware. This is according to a survey conducted by Kaspersky Lab and B2B International. The survey shows that in South Africa, only 58% of Android-based smartphones and 61% of Android tablets are protected by an anti-virus solution, while 33% of smartphones and 40% of tablets locally are not even password-protected.
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