Tag: impersonation

Deepfakes are no longer science fiction. They are a real and growing business risk. We have released our latest white paper, The Surge of Deepfake Cyber Threats. The report uncovers how AI-driven digital impersonations defraud companies, spread disinformation, and compromise brand trust.

Identity fraud is evolving at an alarming rate. Stolen data, synthetic IDs and deepfakes are now common tools for criminals. Traditional password and document checks fail more frequently than ever. Companies must move from playing catch-up to taking the lead. They need AI-driven biometrics, continuous validation and layered defences.

In response to an increasingly volatile economic landscape, South African businesses are turning to trade credit insurance. They use it as a strategic tool to safeguard their operations against the risks of non-payment and insolvency. This surge in uptake of trade credit insurance reflects a growing recognition of its critical role.

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).

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.

As Black Friday approaches, millions of consumers prepare for one of the busiest shopping days of the year. The excitement of discounts and limited-time deals drives online shopping. However, this also creates an opportunity for cybercriminals to exploit the surge in activity.

Criminals are launching targeted online attacks against high-value individuals. What can they do to stay safe? Most cyberattacks are opportunistic. Much like a mugging on a dark street, it doesn't matter who the victim is as long as the perpetrators gain something out of their crimes. However, a growing number of these attacks are designed to target specific people, such as CEOs, Directors, Board Members, CFOs, IT administrators, and wealthy individuals.

As social media becomes more intertwined with our daily routines, sly cybercriminals are using it to trick people with fake job offers. What are these social-media recruitment scams, and how can you spot the red flags? With over 32% of South Africans struggling to find jobs, it is no wonder that scams targeting job seekers are becoming more common.

People with an agreeable personality have a higher chance of being manipulated by cybercriminals to share private and sensitive information. The study suggests a striking correlation between personality types and cybersecurity risk. I surveyed close to 700 people on their personality type and how likely they were to respond to different social engineering attacks - when cybercriminals trick people into giving up private information or passwords or clicking on harmful links.

In today's ever-evolving digital landscape, the concept of consumer consent has taken centre stage for companies. Gone are the days when consent was assumed; today, the control is firmly in the hands of the consumer. For those companies who handle consumer data, consent has to be a priority.