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...
Cyber risk associated with disruptive technologies
In speaking to Junaid Amra, head of the forensics technology solutions division at PwC, it is somewhat terrifying to hear the extent and sophistication of organised cyber-crime, and that it is on the increase. By Jonathan Crisp, risk intelligence committee member at...
Entersekt, Cellulant partner for safer mobile banking
Device identity and omnichannel authentication company Entersekt has announced a partnership with fintech Cellulant. The partnership will further enhance Cellulant's cybersecurity by proactively securing its digital banking channels and guarding against digital...
What the pandemic has taught us
The world is still reeling from the enormity of the impact of the Covid-19 pandemic on our seemingly 'normal' operations and lives. By Craig Kent, head of risk management at Aon South Africa For businesses, there have been significant disruptions in how strategic,...
Avoid being scammed this Black Friday
Hint: look for a little padlock next to the URL - it indicates that the site is secure, writes Maeson Maherry, CEO of LAWTrust. For discount-hungry customers, online shopping appetite reaches its peak on Black Friday. But while buyers and businesses seek to capitalise...
Think about renewing your information protection measures
The growth in ransomware attacks and insider threat risks has pushed information protection to the top of the agenda in boardrooms around the world. Tristan Morgan, director of global advisory at BT, shares his insights on how to go from not knowing where all your...
When it comes to fraud, prevention is better than cure
The world is currently experiencing one of the worst health pandemics since the Spanish Flu in 1918. Not only has this had an impact on the health infrastructure of many countries, but it has resulted in economic turbulence in many markets with the looming potential...
Tips to protect your online identity
A recent US survey has found that 77% of consumers are concerned about online identity theft. And with 34% of respondents indicating they had experienced a cyberattack, it seems a matter of when rather than if a person gets hacked. By Niel van Rooyen, head:...
The risk manager is now hot stuff. Where to next?
People have been predicting for years that risk management will step from its back-office nook and into the leadership sphere. By Sean Pyott, MD of thryve This prediction gained some traction at the start of this century with integrated risk management (IRM) and...