Fraud/Crime / General

Higher levels of cyber awareness needed to combat Festive Season cybercrime

Following years of pandemic-induced economic pressure, the South African economy is slowly showing signs of recovery. As the country heads into the Festive Season and the traditional peak shopping period, many consumers are returning to normal, pre-pandemic behaviours, with an expected boom in anticipated retail sales.

Fraudsters threaten to turn Festive Season cheer to Festive Season frustration

With the Festive Season fast approaching, South Africa has been slowly aligning itself with the rest of the world in heralding the start of the Festive Season shopping spree with its Black Friday shopping event.

Digital Payment Fraud in High Growth Markets Study from LexisNexis Risk Solutions finds 90% of respondents experienced an increase in online fraud over past 12 months

Businesses being scammed to make upfront payments

As SMEs increasingly migrate to digital channels, fraudsters have taken advantage of the opportunity to revive the old Advanced Fee Fraud (419 scam), duping businesses to: