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....

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...

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...

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....

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...

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...

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...

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...

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...

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...

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...

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...