Smart ID cards combat fraud, identity theft
Minister of Home Affairs Naledi Pandor announced last week that 100 000 South Africans will have smart ID cards by 31 March. She further announced that another 25 Home Affairs offices have been digitised, in addition to the three used during the smart ID card pilot...
Preventing fraud in the local workplace
Employing the right people doesn’t only make for a productive and healthy company, it also goes a long way in preventing larceny and fraud. Corporate South Africa is becoming more aware of the risks and dangers of corruption often lurking from inside its own ranks....
Municipalities need to reduce risk
South African municipalities should consider implementing risk reduction strategies to control the increasing problem of vandalism and theft which has cost the City of Johannesburg an estimated R3,6-million this year. Choruma says that municipalities should put more...
Bytes joins association to combat fraud
Bytes Universal Systems has announced that it has joined the South African Chapter of the Association of Certified Fraud Examiners (ACFE SA) as a corporate member. The ACFE is a leading global anti-fraud association, providing more than 70 000 members with...
Better bandwidth increases DDoS risk
On the flipside of the bandwidth boom in South Africa there has been a significant increase in distributed denial of service (DDoS) attacks at an application level in the country, says Perry Hutton, regional director – Africa, Fortinet. Until recently, distributed...
Protecting profits with risk management
South African executives are well aware of the importance of risk management in every area of their businesses. Unfortunately, most are of the view that reacting to attacks after the fact is an acceptable form of managing risk. “Reacting to risk is simply admitting...
Why companies need IT to combat fraud
Information technology is an essential tool for combating fraud. Without using the predictive power of analytics, it isn’t possible to prevent fraud before it happens, says Colin Hill, senior solution manager, Financial Crimes and Risk Solutions, SAS South Africa. The...
Gain control over risk with the RARA Model
Part three in a three part series by Dr David Hillson and Ian Huntly, CEO of Rifle-Shot Performance Holdings The RARA Model indicates how we can exercise control over setting risk thresholds to make sure that they are appropriate in the setting of the given situation,...
Risk appetite – inputs and outcomes
Part two in a three part series by Dr David Hillson and Ian Huntly, CEO of Rifle-Shot Performance Holdings. We have seen that risk appetite is an internal tendency within an individual or a group and that it cannot be seen or measured directly. It represents a hunger...
Original documents key for legal action
Companies that fail to retain original documentation are placing themselves at huge risk in the event of legal action. This is according to Mike Grey, Solutions GM of Metrofile Records Management – a group company of JSE-listed Metrofile Holdings Limited, who says...
Understanding risk appetite
Part one in a three part series by Dr David Hillson and Ian Huntly, CEO of Rifle-Shot Performance Holdings. One of the most important decisions for any business, project or individual is how much risk to take, given the maxim that low risk almost inevitably means...
PCI-DSS compliance: now for everyone
With fraud and cybercrime proliferating, PCI-DSS compliance is an issue businesses of every size need to address, says Perry Hutton, regional director for Africa at Fortinet. The Payment Card Industry Data Security Standard (PCI-DSS) has been in place for some time,...