Tag: fraud

It’s time for Small and Medium Enterprises (SMEs) to recognise that using data and analytics is not as scary or expensive as they may think - and that the benefits can be significant.

The need for trust within the banking sector has, in recent years, never been more important than it is today. Recent times have seen the South African banking public being exposed to news of bank failures elsewhere and if that was not enough worry for the consumers, their stresses are further aggravated by their inability to meet their repayment obligations to their creditors brought about by the rising global cost of living crisis and the ongoing energy crisis.

We are calling upon CISOs and boards of directors to recognise and take immediate action against the security risks associated with IT asset disposition (ITAD). As a crucial aspect of data governance, the responsible management of IT assets at the end of their lifecycle is essential to ensure compliance and safeguard sensitive information.

Hiring employees who misrepresent their qualifications can be a costly mistake for employers. Not only does it damage the reputation of the company, but it can also lead to a loss of productivity and profits. Fortunately, employers have legal recourse when an employee has misrepresented their qualifications during the hiring process, including claiming back remuneration.

South Africa is currently experiencing challenging political and economic conditions, which has a direct impact on the financial and trading performance of businesses. Vulnerabilities to external shocks have also converged at the worst possible time in our post-pandemic economy, with the impact rapidly manifesting in financing becoming more difficult to secure, more expensive and dwindling foreign direct investment.

As the healthcare industry continues to evolve, the role of data to drive efficiencies and improve patient outcomes has become the core of our industry. To me, we aspire to be like the ridesharing app Uber, enabling access to the best doctors and treatments at the best prices, all while facilitating the optimal healthcare ‘route’ for our members based on their individual lives and economic circumstances.

Passwords remain a risk, despite being one of the most common security measures around. The drive towards a ‘passwordless’ environment begins with a solution that can create, automate, protect and manage your existing passwords.

Even in the best of times, companies may engage in financial statement fraud for various reasons. Management might want to avoid the wrath of their head office for poor performance, attract undeserved but much needed investment, reduce tax contributions, or even skim off money for themselves.

South Africa is facing a number of critical challenges. Two of the most worrying are a faltering economy and a crisis in leadership which is leaving many of our future business leaders either waiting on the side lines or, even more tragically, leaving the country.

What’s the next black swan likely to be? A black swan is a potentially dire unexpected event – the pandemic being a perfect example. An Eskom grid failure could be next. Or another devastating drought? A massive cyber-attack?