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Criminals operating on social media promise high returns while falsely claiming to represent African Rainbow Capital.
The rise of finfluencers is a double-edged sword – representing unprecedented opportunities and challenges for the financial sector.
A Special Investigating Unit cyber probe reveals SA’s immigration system was treated as “a marketplace, where permits and visas were sold to the highest bidder”.
Bateleur and IMTF will address key trends in financial crime and global best practice in compliance at the forum in Johannesburg next month.
Scammer Arrests, Spar Lawsuit and Nedbank Exit Mark Busy Week in SA Business and Governance
In this week's tech news roundup, South African authorities this week arrested dozens of suspected international investment scammers in Johannesburg, while major corporate and government developments unfolded elsewhere. Retailer Spar confirmed it is facing a R168.7 million lawsuit from a major franchisee over a failed SAP system rollout, as Home Affairs welcomed a court challenge to its sharp increase in identity verification fees.
The dashboard enables analysis of procurement expenditure and the suppliers that do business with the state, supporting efforts to fight corruption and fraud.
Money laundering can be combated by transaction monitoring, which uses algorithms to detect unusual withdrawal and depositing patterns.
By combining behavioural analytics, cross-channel visibility, and industry collaboration, banks can stay ahead of constantly shifting AI-powered threats.
The Central Supplier Database was bypassed by syndicates, enabling R2 billion in fraud at Tembisa Hospital, says the Special Investigating Unit's interim report.
Scams and fraudulent misrepresentation remain among the most prevalent forms of fraud in digital currency.
The big-four bank warns the public about fraudsters using AI-generated voices and e-mails to impersonate bank officials.
ITWeb TV: Tales from the cyber front line #91
Expert digital forensics auditor professor Danny Myburgh, MD of Cyanre, provides an overview of the latest cyber crime trends he’s seeing being committed in South Africa. He also details some of the cases he’s worked on and the entry paths and skills needed to get into the field of digital forensics.
Fraud, misinformation and privacy violations are causing significant financial losses and reputational damage.
Uncover and prevent fraud
Hosted on 22 June in partnership with iOCO, XTND and Mimecast, an ITWeb webinar explored email archiving as a gold mine to support investigations. The session also showcased how to implement an easy-to-use anonymous whistleblowing app to raise red flags, drive proactive compliance and best practice. #exposefraud #whistleblowing #corruption