Decoding financial crime to address an AML emergency
South Africa's financial sector faces an anti-money laundering compliance crisis, with authorities cracking the whip on institutions that fail to meet their obligations to combat financial crime and the country's continued presence on the Financial Action Task Force...
Safeguarding sensitive information in an era of global mobility
In the realm of global mobility, where individuals and organisations traverse borders for various reasons, safeguarding sensitive information becomes an even more critical imperative. By Pieter Nienaber, Compliance Africa at Crown Records Management South Africa...
A checklist for selecting an AML solution
In an era of mass digital payments and financial transactions, anti-money laundering (AML) compliance is critical for banks, financial institutions, and other regulated businesses. By Bradley Elliot, CEO of RelyComply Technology plays a central role in any effective,...
Reduce cyber-related business risks
The latest edition of the Allianz Risk Barometer confirms what organisational leaders have been experiencing. A digital world means more efficiency, lower cost, greater opportunity, and much faster speed for business. But it also comes with new risks - cyber risks -...
Beware the dormant malware threat to your data
In today's constantly evolving cybersecurity landscape, companies must adopt a proactive approach to data protection to effectively defend against repeated cyberattack attempts, as it is no longer a matter of "if" or "when", but rather "how often" they will get hit....
Fighting fraud and financial crimes in the GenAI age
In today's increasingly digital world, fraud and financial crime has become a significant concern. By Marcin Nadolny, head of EMEA fraud, fincrime and data science at SAS Global research shows that 2022 saw a 72% increase in fraudulent activity while almost a quarter...
Reimagining AML with human expertise and technological innovation
Regulatory technology (regtech) is an essential part of a modern anti-money laundering (AML) capability. But technology on its own is not enough to keep ahead of sophisticated financial criminals, with an estimated 99,8% of laundered money flowing through the...
Are EV charge points a cybersecurity risk?
The growing popularity of electric vehicles (EVs) will increase the number of EV charging stations, making it essential not to underestimate the importance of cybersecurity. William Petherbridge, systems engineering manager for Southern Africa at Fortinet, emphasises...
The role of technology in mining safety and environmental protection
Modern mining practices routinely integrate technology into workflows to improve operational efficiencies, write Kate Collier and Garyn Rapson, partners at Webber Wentzel. While competitiveness is a compelling reason for innovation, technology development and the use...
SA networks need to defend against SIM swap fraud
Mobile networks must not be complacent about SIM swap fraud and they need to prioritise the protection of customers. This is according to Gur Geva, founder and CEO of iiDentifii, who adds: "Although SABRIC has noted a slight decline in reported SIM swap fraud in its...
Joburg building fires highlight need for proactive safety planning
The most recent incident of a fire breaking out in the Johannesburg central business district (CBD) on 3 February highlights the importance of the rational design of performance-based fire-safety systems for residential buildings in particular. This is word from ASP...
Advanced and persistent threats to define the digital security landscape
If 2023 was marked by cybercriminals' remarkable adaptability and relentless pursuit of new avenues to achieve their goals - be it through exploiting vulnerabilities, gaining unauthorised access, compromising sensitive information, or defrauding individuals - the year...