Strategies for combating insider threats
In South Africa, insider threats are an increasingly significant risk for businesses, driven by economic uncertainty, labour disputes, and rapid digital transformation. From disgruntled employees to compromised third-party service providers, insider threats can...
SA needs a proactive approach to turn the tide on financial malfeasance
Fraud in South Africa is on the rise with no signs of slowing. Amid an uptick in digital transformation across multiple sectors, cybercrime coupled with sophisticated social engineering techniques are laying bare systemic vulnerabilities in public institutions and...
Harness AI to combat financial crimes
Thanks to the availability of advanced technology, financial crimes are becoming more sophisticated and complex. From trade-based money laundering and human trafficking to GenAI-enhanced scams, the scale of financial crime today is unprecedented. Fortunately,...
Why your business may get hacked
No matter how big or small, any business can be a target for cyber attackers. While some business owners think they're too small to be noticed, the numbers tell a different story. In 2023 alone, over 343 million people fell victim to cybercrimes, and it doesn't look...
Can a risk mindset mitigate cybersecurity skills shortages?
South Africa needs a larger cybersecurity skills base and more professionals in the field to combat the escalating threat of cyberattacks. Yet, with a global shortage of skilled cybersecurity practitioners, initiatives to grow the skills pool through training and...
The double-edged sword of AI
Fraud is a timeless challenge that has evolved with society, and no organisation is immune to its risks. It can manifest in many ways, ranging from simple misrepresentations to highly sophisticated schemes. Today, technology is deeply embedded in both our personal and...
How to stop bad things happening to good businesses
Many businesses, particularly smaller ones, often fail to recognise the importance of cybersecurity. Research indicates that most small and medium-sized enterprises invest less than £500 annually in cybersecurity. This underinvestment is typically due to indifference...
Are your employees putting your network at risk?
The rapid acceleration of digital transformation, coupled with the widespread adoption of remote work and cloud technologies, has shifted the focus of cybercriminals towards a new target: employees. Employee credentials have become prized assets for exploitation,...
Data privacy claims on the rise
Cyber claims have continued their upwards trend over the past year, driven in large part by a rise in data and privacy breach incidents. By Michael Daum, Allianz Commercial global head of cyber claims, and Rishi Baviskar, Allianz Commercial global head of cyber risk...
Navigating the sea of cyber-threats
An 8% increase in malware or unwanted software found by more than 30 000 users. A 5% increase in infections and 88% of companies within the Middle East, Turkey and Africa (META) regions experienced a minimum of one cyber-incident since 2022. In 2023, the global attack...
How to navigate the rising tide of online scams this festive season
As the festive season approaches, the excitement of holiday shopping and travel plans fills the air. However, this fun-filled time also brings an increased risk of online scams, making it trickier than ever for shoppers to navigate the digital marketplace safely....
How to identify and avoid fake tokens
A fake token attack is a type of cryptocurrency scam where malicious actors create counterfeit or fraudulent tokens that mimic legitimate cryptocurrencies. These fake tokens are designed to deceive investors and traders into believing they are purchasing or trading a...