Credit card fraud in the tourism industry
The tourism industry is a popular target for credit card fraud, according to a leading payment services provider - but there are ways to manage the risk. “Accommodation establishments like hotels, guesthouses and B&Bs are especially vulnerable when it comes to...
Surviving a ransom situation
The Trend Micro Q1 Security Roundup, Bad Ads and Zero Days: Reemerging Threats Challenge Trust in Supply Chains and Best Practices, revealed that cryptoransomware set their sights on enterprises. Ihab Moawad, vice-president MMEA and CIS at Trend Micro explores what...
Understanding a cyber-attack
Cyber-attacks today are highly advanced, and the developers and perpetrators are constantly evolving their tactics in order to breach an organisation’s perimeter defences. In addition, cyber criminals and their attacks are highly persistent, constantly adapting,...
Data’s journey across the network
While it’s convenient to link various personal online accounts and identities, users must beware of the security risks, says Martin Walshaw, senior engineer at F5 Networks. It’s nice when everyone gets along, isn’t it? When Web sites play fair with each other and...
TransUnion updates 1Check app
TransUnion Auto, the automotive solutions division of TransUnion, has announced the addition of a new Stockloader feature to its innovative 1Check application (app) for auto dealers. The app, which assists dealers with reducing their risk of test drive fraud and...
Solutions must advance as fraud escalates
Fraud is a significant problem for local and international organisations and is growing exponentially. In the digital world, faceless contact self-service centres and virtual platforms represent a ripe feeding ground for identity thieves. To address this issue,...
SMEs are at debit order risk
Small and medium sized businesses need to ensure that they comply with all Payment Association of South Africa (PASA) rules for transaction processing, especially if they are to mitigate the risks associated with debit order fraud, together with related disputes,...
A new era of big data risk management
Increasingly stringent regulatory environments are driving a stronger focus on identifying, measuring, and managing risk exposure. Managing vast amounts of data is a crucial component in the accurate assessment of risk, and is one of the top reasons why big data risk...
Protecting the corporate network
As the World Wide Web evolves and company networks become bigger and better, network security has become crucial to protecting the businesses most valuable intellectual property and data. “By improving network security, companies can lower the risk of many different...
Experian SA offers fraud prevention solution
Experian SA has launched the National Fraud Prevention Solution to address the significant threat of identity and credit application fraud in South Africa. And SA’s largest mobile company, Vodacom, is the first to join the National Fraud Prevention Solution. South...
Fraud awareness in education vital
Fraud knowledge is essential in combatting wasteful expenditure in the education sector, which, according to a 2013 report by Corruption Watch, a civil society watchdog, accounts for as much as R3,3-billion of R30-billion of wasteful expenditure lost annually by the...
Fraud risk increases as e-commerce grows
Shopping in person is fast becoming an alien concept for today’s time-pushed, convenience-hungry consumer, says Martin Walshaw, senior engineer at F5 Networks. The latest forecasts by eMarketer claim that worldwide business-to-consumer (B2C) e-commerce sales will...