Tag: cyber fraud

In an era of unprecedented uncertainty, the headwinds facing businesses are stronger than ever. Businesses find themselves navigating a complex landscape, where economic shifts and geopolitical challenges loom large on the horizon. In such turbulent times, the key question is not whether change will occur, but rather how effectively leaders can prepare for and adapt to it.

Don’t let your business be punished for, and by cyber fraud. As the business landscape rapidly evolves, a general awareness of security vulnerabilities is no longer enough. Cyber fraud, data and payment breach risks need to be managed urgently and strategically with the right tools. 

By proclamation in the Gazette, President Cyril Ramaphosa has fixed 1 December 2021 as the date on which certain sections of the Cybercrimes Act, 19 of 2020 (Cybercrimes Act/the Act) come into operation.  This means that the Act is now enforceable.

Traditionally, cybersecurity entailed a reactive approach where organisations used learnings from previous compromises to improve their defences. With technology evolving and people embracing the likes of mobile wallets, banking apps, and other solutions to manage transactions, businesses must rethink how best to bolster anti-fraud mechanisms. The answer lies in artificial intelligence (AI).

Keep up to date on the most important Financial Services Regulation developments in South Africa in June 2021.

COVID-19, the virus which is shaking the world — is rapidly increasing the number of employees who work remotely. This mass exodus of employees from the 'more secure' office environment into the unsecured home terrain is a breeding ground for cyber security risk.