AI helps to combat persistent financial crime risk
Prior to the disruption caused by the pandemic over the past two years, fraud cost businesses more than $5-trillion annually. By Andrew Sangweni, business solutions manager: fraud and financial crime at SAS in South Africa But an increasingly distributed workforce...
Welcome to the new world of cyber risk
With more people connecting to digital platforms given the events of the past two years, breaches on social networking sites like LinkedIn, Facebook, and Instagram have become commonplace. By Richard Frost, product head: cyber security at Vox Social engineering and...
How XDR helps organisations adopt a ‘living’ approach to cybersecurity
The worlds of cybercrime and cybersecurity are constantly evolving, with myriad solutions on the market all purporting to help businesses, governments, and other entities protect themselves from the criminals behind ransomware, security breaches, and industrial...
Addressing the risk from cyberattacks in the Russia-Ukraine conflict
The situation in Ukraine continues to fluctuate, and US intelligence sources are advising that Russia is preparing for an imminent invasion. By Lior Div, CEO and founder of Cybereason Cyberattacks have already been observed in the conflict, and I expect diversions,...
Robust data backup is a vital line of ransomware defence
Ransomware attacks are more prevalent and dangerous than ever. In response, organisations are upgrading their data protection to stay ahead, writes Sujoy Mukherjee, head of portfolio: private compute at BT. It’s common knowledge that ransomware attacks are on the rise...
Key protection strategies to prevent cyber attacks
In the past year alone, 47% of South African companies indicated that they’d been affected by ransomware, at an average cost of R6,4-million. By Iniel Dreyer, MD of Data Management Professionals South Africa A recent survey showed that 5% of local organisations...
Five things to do immediately to address payments fraud
The social and economic impact of Covid-19 has led to a marked increase in opportunistic crimes of desperation, particularly in digital payments fraud as consumers flock to digital channels to replace or supplement in-person interactions. This rapid shift to digital,...
Welcome to the new world of cyber risk
With more people connecting to digital platforms given the events of the past two years, breaches on social networking sites like LinkedIn, Facebook, and Instagram have become commonplace. By Richard Frost, product head: cyber security at Vox Social engineering and...
Fraudsters have not slowed down after the festive season
As the journey into 2022 begins, consumers are urged to remain vigilant and not let their guard down. Fraudsters are still trying to take advantage of the December shopping season, which is when fraudsters are most active. A new threat was recently flagged on social...
Reasons to not disable cookies on your website
Switch off my cookies! This was the gist of the tense, urgent message left for me by the IT manager of one of our large corporate clients. By Howard Rybko, CEO of Syncrony Digital Somehow, she had become embroiled in a debate with her company's legal department, who...
Think before you scan: QR codes are a potential cyber risk
QR codes are nothing new - they have been around since 2004 - but with the increased availability of smartphones, which can scan these two-dimensional barcodes with their built-in cameras, QR codes have become increasingly popular. By Simeon Tassev, MD and QSA at...
Why are regulated institutions still not getting their fraud and AML due diligence right?
Managing financial crime risk continues to remain a major priority for regulated institutions, with millions of dollars being invested every year into upgrading systems and processes around prevention, detection, investigation and reporting of such crimes. By Clive...