Tag: cyber crime

The global adoption of digital technology is rapidly increasing, which has caused an evolution in criminal behaviour resulting in the increased occurrence of cyberattacks on businesses and individuals respectively.

Law firms remain targets of cyber-criminals, largely due to the vast amounts of client data, information and money that they retain and the continued refusal of most law firms to take basic precautions when it comes to their cyber security posture.

The rise of e-commerce in the country over the past year may have been driven by the pandemic, but it was long overdue. It is worth noting that South Africa was arguably too slow in initially adopting e-commerce, chiefly because it appeared focused on the niche upper end of the market. Thus, many retailers did not view it as a necessity.

In terms of risk versus reward, cybercrime is a highly lucrative industry. Research from Atlas VPN suggests that cyberattacks generate more than $1.5 trillion in revenue each year, and this figure is growing.

The South African tax season for non-provisional individuals kicks off next month. With the South African Revenue Service (SARS) pushing for the use of its online eFiling service, we are cautioning people to be on the look out for an increase in tax scams.

The world of business is changing quickly, and with trends like the gig economy, global employment and cross-border collaboration on the rise, you can imagine the scale of regulatory and legislative changes taking place. It should be obvious, then, how important having an agile, cloud-based payroll and HR management tool is.

The South African Banking Risk Information Centre (SABRIC), on behalf of the banking industry, would like to make the public aware of how they can protect their money this festive season.

Banking has changed vastly over the past few years, as new technologies emerge to change the way we transact. Non-traditional methods of transacting, such as the blockchain and mobile banking, have emerged, causing an influx of data from multiple sources.

The growth in identity theft highlights the need for early detection. Statistics from the South African Fraud Prevention Service (SAFPS) show that identity theft has increased by 200% over the past six years. This has raised the need for greater education around this crime, especially when it comes to early detection. 

Combatting identity theft, hacking, intellectual property theft, counterfeiting, fraud, espionage and harassment is critical in todays times. The Digital Age has shrunk our world, bringing...