Guard against identity theft in times of increasing online fraud
“Why would cybercriminals want to steal my identity? I’m a nobody.” You’re not. Everyone is fair (and likely) game when it comes to identity theft. By Debbie Walkowski, security threat researcher at F5 Labs Statistically, most cybercriminals tend to eschew “important”...
Outdated data protection strategies put businesses at risk
With remote working having become the norm for most companies in the wake of the Covid-19 pandemic, the need to constantly back up critical data is not only more crucial than ever, but also requires that organisations understand the difference between remote and...
Minimise the risk of cyberthreats and compliance in financial services
The Covid factor has greatly accelerated the digitalisation of the financial services sector as well as the threat landscape as well. By Simeon Tassev, MD and QSA at Galix There has been a dramatic increase in cybercrime activity this year, for a number of reasons....
Tips for fighting fraud in 2021
The Covid-19 pandemic has had a drastic impact not only on people's health and wellbeing, but on that of businesses too. This was especially poignant for many companies that had to venture into the online world for the first time. Unsurprisingly, the uncertainty that...
Fraud safety tips for the festive season
With the December holidays upon us, it is easy for many of us to throw caution to the wind and enjoy a much-deserved break of fun, sun and shopping with the family. However, South Africans are reminded that fraud is still very real, and tends to peak during this time...
2021 will be a cybercrime bruiser
Predicting the future is risky. As is often quipped, predicting the past is hard enough! Certainly, nobody could predict that 2020 would be a year like none other in modern history. The pandemic caused a tremendous realignment of priorities and waves of uncertainty....
Personal cyber cover now as vital as insurance for physical risks
As e-commerce and reliance on digital banking and transactional platforms grows, so too have the risks for fraudulent payment scams and cybercrime. Cyberattacks now cost the world more than natural disasters, while malicious hackers attack computers and networks at a...
Surprising reasons your crisis management plan may fail
The Covid-19 pandemic has understandably spurred renewed conversation around business crisis management. This, pertaining to how to better plan for and preempt unforeseen disruptions, as well as aptly navigating through the mire when perilous challenges...
AI turns financial crime tide
Financial crime and money laundering is the third biggest economic practice in the world and equates to around 5% of the global GDP. Because each country manages its own laws and regulations, the banks are left as the only defence against this attack on the world...
Cyber insurance should be a priority for all businesses
A recent report published by Mimecast, estimates the volume of malicious and opportunistic cybercrime has increased worldwide by as much as 33% between January and March of this year. In addition, US-based cloud security company, Zscaler, reported an increase of over...
Have a fraud free festive season
South Africans deserve a reason to be happy. After years of mounting economic pressure, where the cost of living has risen to record levels, the country was hit hard by the Covid-19 pandemic which brought our economy to a virtual standstill. South Africa's response to...
Financial institutions do not have to choose cyber security over user experience
Cyber fraud is rife in the financial industry, making it a big thorn in the side of banks and financial services companies who must continually switch-up their digital services and security to stay a step ahead of fraudsters. It's a balancing act on tricky terrain for...