fraud prevention

Ryan Mer, CEO at eftsure Africa The social and economic impact of Covid-19 has led to a marked increase in opportunistic crimes of desperation, particularly in digital payments fraud as consumers flock to digital channels to replace or supplement in-person interactions. This rapid shift to digital, which is providing necessary solutions during a time of crisis, is fuelling a surge in payments fraud worldwide. And the threat to companies isn’t only coming from the outside; internal fraud in departments responsible for supplier payments is on the rise, especially with staff working remotely. Ryan Mer, CEO at eftsure Africa, a Know Your Payee™ (KYP) platform provider says that while the amount of business transactions taking place online is constantly growing and remote working has bec...