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Tag: fraud

South Africans less exposed to QR code fraud, despite international worries

The war in Ukraine has added concerns to an already tense cybersecurity environment. What’s more, recent international coverage about scammers using QR codes to misdirect funds is fuelling fraud uncertainty. But...

Combating fraud with AI

“SINCE the onset of the COVID-19 pandemic early last year, financial institutions have accelerated their digital transformation programmes. Many customers have embraced using online channels for everything from applying for loans...

More dishonest claims made than insurers not paying out

According to a recent report by Asisa, despite insurers being accused of trying to avoid paying claims the numbers prove otherwise with 99% of claims being paid to the value of R16,7bn....

Beware of scammers: how to spot digital banking fraud

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. "The Office of the Banking Ombudsman recently...

Some truly acrobatic thieves leapt on the gravy train

The notion that profit is theft is popular in some quarters. It’s the insult often hurled at the business community when alleging that the free market is a skewed economic system....

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The energy morass

CBN Editor Robin Hayes asks if foreign funded vested interests are at play. IT beggars belief that we have endured loadshedding for more than 14...

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