Fraud/Crime / General

Consumers and businesses urged to beware of latest fraud modus operandi– remote access scams

While people and businesses continue to scale the use of digital services in the new normal, cyber criminals also introduce new opportunistic scams.

5 Essentials to Look for in a Platform to Fight Fraud and Financial Crime

Educate your clients; the banks cannot protect them!

The Ombudsman for Banking Service (OBS) has warned bank accountholders to be vigilant when transacting online and to be aware that scamsters use an array of techniques to obtain confidential information such as debit / credit card details, card pin numbers, transaction OTPs and mobile or internet banking passwords. An attack can be launched by email or text message and, in many cases, by an old-fashioned telephone call. The OBS also stressed that banks were unable to fully protect customers against the tactics used by fraudsters, despite spending millions of rand on world-class security systems and technologies aimed at protecting consumers from fraud.

Screen-scraping can leave your business vulnerable to fraud

Businesses are often unaware that by giving a third-party or software programmes access to their financial information, they are potentially being exposed to the risk of screen scrapping.