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When It Comes to Cybercrime Beware of Social Engineers

You would be forgiven for thinking that terms like phishing, vishing, whaling, and pharming all had something to do with either a water sport or a pharmaceutical company, but every one of these is a cybercrime attack. These attacks leverage social engineering techniques to hack personal accounts, infect devices with ransomware, gain access to organisations or steal information to be sold on to the highest underground bidders. As Anna Collard, SVP of content and evangelist at KnowBe4 Africa points out, it has become absolutely essential for people to be mindful of what they post on social media. Anna Collard, SVP of content and evangelist at KnowBe4 Africa. “The risk of identity theft has never been greater and according to a report by SAFPS, has increased by 337% in 2020,” she says. “When ...

Beware of Scammers – 4 Tips to Spot Digital Banking Fraud

Sourced from Pure Cloud Solutions To prevent becoming the victim of fraudsters, it’s vital to be on guard, especially when using transactional, card-based accounts linked to cheque and savings accounts. Vijay Naidoo, CIO at Old Mutual Finance, pointed out that “…transactional accounts are among the most commonly used accounts, which means they are prime targets for scammers.” “Scammers are continually finding new ways to gain access to personal banking information and use it to defraud unsuspecting customers. So, banks need to continually upgrade their security systems, while consumers need to be informed and alert.” Phishing involves sending what appears to be an official email notification from an institution. If you open the message, malware is installed on your computer and account inf...