cyber fraud
UN Calls on Nigeria, Others to Tighten Cybersecurity Regulations
Sourced from UN The International Telecommunications Union (ITU), the global telecommunications arm of the United Nations (UN) has called on the government of Nigeria, and other governments across Africa to strengthen their Internet safety regulations. Because of the COVID-19 pandemic, and general shift online, many African countries are now more exposed to cybersecurity threats than before, necessitating renewed efforts into protecting these spaces. According to the Guardian Nigeria, the UN noted that in Africa, many countries have seen a rise in reports of digital threats and other malicious cyber activities. The results include sabotaged public infrastructure, large-scale monetary theft from digital fraud, and national security breaches. The UN says that addressing these vulnerabilities...
How to Avoid Digital Fraud Over the Festive Season
With the festive season being synonymous with more transactions, especially as people typically have more money at this time of year, the greater the probability there is of fraud occurring. In fact, according to PwC’s Global Economic Crime and Fraud Survey 2020, South Africa has the third-most incidents of economic crime in the world behind India and China. “This festive season, I believe that there will be an uptick in fraud unless South African consumers and businesses are more security conscious,” says Nicho Bouma, CIO at Pay@. “More people have been forced to enter the digital space this year, due to the COVID-19 crisis. With many being new to the digital experience, they can easily fall prey to schemesters.” To prevent consumers from becoming victims of cybercrime, he urges them to o...
Lockdown causes Virtual Scams on Personal Loans to Rise
Sourced from Republic Title The coronavirus pandemic has resulted in the increase of activities, businesses, and transactions in the virtual world. For scammers, this has not been an exception. According to a survey conducted by credit bureau TransUnion, virtual scams have increased in South Africa due to the quarantine regulations that South Africans had to face. It is important to remember that just the mere fact of being Internet users and by performing different operations from a computer, we are already vulnerable to being hacked. This doesn’t mean users should be scared. In fact, it is fundamental to take into account certain aspects at the moment of perform financial transactions, or requesting for credit or a loan in order not to fall into this type of virtual traps. In the f...
