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BCX partners with Ideco Biometric Security Solutions

[Johannesburg, 13 April 2012] - With twelve-month losses possibly ranging from R40 million to R800 million, the bottom-line results of at least 13 South African companies have apparently been compromised by recent economic crime.

Evidence of these losses comes from a report by Price Waterhouse Coopers. Based on what is claimed to be the world's largest survey of economic crime (The PwC Sixth Global Economic Crime Survey), the report suggests that 11% of the 123 local companies surveyed had suffered losses of between $5 million to $100 million as a result of economic crime in the previous year.

Given so many organisations' heavy reliance on ICT systems, Business Connexion recognises that unauthorised access and activity within these systems is an integral part of the losses caused by economic crime. [Full Story.]

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Business Security
Business Connexion partners with Ideco Biometric Security Solutions to combat SA's cyber crime losses

Last updated : 13 April 2012

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