Tag: identity fraud
Face biometrics – first defence against identity fraud
Face biometrics provides a critical first line of technology defence against rising identity fraud. Identity fraud has surged, with impersonation fraud increasing by 356% from April 2022 to April 2023, according to Southern African Fraud Prevention Service (SAFPS).
Digital identity future trends
As essential services continue to digitise at an increasing rate, digital identity will remain central for businesses and governments. In many cases, digital identity is recognised as the first line of defense in protecting funds and data. As a result, business attitudes toward digital identity are evolving fast.
Understanding PnP rights offer, tech stocks and identity fraud
This vidcast discusses the Pick n Pay (PnP) rights offer and the incentive package that Sean Summers negotiated for himself. We also look into commodities and the USD/ZAR with our guest Ruan Landsberg, Market Analyst at Finalto.
Identity platforms – safeguarding your online betting
Online betting in South Africa is a thriving business, expected to become a billion-dollar sector within four years. But there are risks, especially as the digital era makes it easy to forge identities. Betting companies must manage fraud risks and honour legislation, avoid financial and reputational damage, and continue investing in customer relationships.
Sophisticated, highly scalable deepfakes threatening banks
In a matter of seconds, it is possible to hold your phone up to your face and see what you will look like in 40 years. Or, you could fuse the image of your face with that of a celebrity. You could even record a birthday song for a friend in the voice of their favourite artist.
Investment scams – be warned!
The rising cost of living continues to tighten its grip on the economy, giving scammers, fraudsters and hustlers the green light to prey on those desperate enough (and potentially unaware of the dangers) to choose an easy way out of the financial hole they have fallen into.
Black November – make this a season of festive cheer and...
The Festive Season is a time when most South Africans, like the rest of the world, will be looking to spoil their loved ones by purchasing them gifts. Over the past few years, South Africans have been lucky enough to be able to take advantage of the discounts that are offered on Black Friday (the last Friday in November) and Cyber Monday (the Monday immediately following Black Friday).
Black Friday and Cyber Monday: don’t get caught up in the...
Over the past five years, Black Friday and Cyber Monday has become big business in South Africa. And we are not talking about standing in insanely long queues for toilet paper; while South Africa has not embraced the same type of discounts that the US does when Black Friday officially opens the festive shopping season, South Africans are always up for a deal and want to be first in line to take advantage of this.
Check yourself before you recommend yourself
Have you ever done a Google search on yourself? Most people have and if your friends and family are active online and on social media platforms, someone at some stage has probably recommended to you that you do such a search and check.
Taking control against identity theft
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.