Three Nigerians have been arrested in an INTERPOL-led operation targeting malware cyber fraud across Southeast Asia. The three, suspected to be global scammers, were arrested by the Economic and Financial Crimes Commission (EFCC) in a [c]
A Chinese national wanted in connection with a Ponzi scheme estimated to have defrauded nearly 24,000 victims out of EUR 34 million ($35.7 million) was arrested in Papua New Guinea following cooperation via INTERPOL. Posing [c]
Kenyan’s are increasingly adopting digital banking solutions driven by the desire for flexible and convenient banking services. The last two years have seen growth in the adoption of mobile and internet banking services as the [c]
We love making the most of the online world. It offers a host of benefits and opportunities, and is an exciting place to explore. But we can’t ignore the threats associated with an increased digital [c]
Fraud is an increasing problem for those who use such dating apps and platforms in Kenya according to Kaspersky’s survey devoted to using dating apps during the pandemic. Almost 29% of those in the survey [c]
Insurers’ use of predictive analytics to fight fraud has reached an all-time high, according to the latest insurance fraud technology study by the Coalition Against Insurance Fraud and analytics and AI leader SAS. The State of Insurance [c]
In the face of rapid and profound changes in the economic environment, the banking sector must change methods to get to know its customers better and interact with them promptly. The knowledge of people using [c]
The growth of phishing attacks mimicking e-payment pages was spotted in the run-up to the Black Friday period. The total number of financial phishing attacks disguised as e-payment systems more than doubled from September (627,560) [c]
By Anna Collard Imagine if your mobile phone could be used to spy on you, listen to your conversations and send information and images from your device to a third party? This is not an [c]
While legislation and the introduction of new regulations aim to combat fraud and corruption, South African businesses have the power to fight financial crimes by ensuring consistent Know Your Customer (KYC) procedures are in place. [c]
According to the findings of the study, dating app scammers pose a serious barrier to people wanting to use such services. In particular, 38% of global respondents are afraid to use them, as they fear [c]
South African businesses, already under severe economic strain, are now counting the costs of rapidly increasing internal payments fraud. According to Ryan Mer, the MD at eftsure Africa, a Know Your Payee (KYP) platform provider, [c]
According to a Kaspersky survey, 69% of respondents in the Middle East, Turkey, and Africa (META) region highlighted that they or their loved ones suffered from criminals via social networks. In most cases fraudsters pretended [c]
In 2020, every second fraudulent transaction in the finance industry was an account takeover, a report by Kaspersky Fraud Prevention has found. According to anonymised statistics of events detected by Kaspersky Fraud Prevention from January to [c]
INTERPOL has issued a Purple Notice to its 194 member countries outlining a specific modus operandi on dating applications. The threat involves taking advantage of people’s vulnerabilities as they look for potential matches, and luring [c]
As the global COVID-19 pandemic continues to spur e-commerce, a Mastercard study has revealed the rapid growth of online shopping, with nearly three out of four (73%) consumers in the Middle East and Africa shopping [c]
Trust is at the core of every employer-employee relationship. You trust your people to do their jobs, and they trust you to compensate them for their work. Most of the time, it works. However, there’s [c]
Entersekt, a vendor of device identity and omnichannel authentication solutions, has announced a partnership with Cellulant, a pan-Africa fintech company. The partnership will further enhance Cellulant’s cybersecurity by proactively securing its digital banking channels and [c]
Some years ago, when she was still inexperienced and gullible, a niece of mine received a call from Nairobi. The caller took his time to enquire and confirm her personal identity and other details before [c]
Authorities in Nigeria have arrested two suspects who are believed to be behind a huge fraud scheme which nearly saw German health authorities pay EUR 2.4 million (about $2.8 million) for masks they never received. [c]
Two members of a criminal network engaged in telephone and email fraud have been extradited from China to South Korea, as part of an ongoing operation coordinated by INTERPOL. Operation First Light, first held in [c]
The findings from a recent HP survey conducted in Africa, Middle East and Europe (EMEA) region indicate that over 97% of customers see HP’s Customer Delivery Inspections (CDIs) as a valuable service for their business, [c]
A new INTERPOL report on online organized crime in Africa shows how digitalization is transforming almost every major crime area across the continent. “Online crime now represents a bigger security issue for law enforcement in [c]
By Vic Esterhuizen Revenues in the global biometric system market is expected to top $30 billion by 2022, up from less than $20 billion in 2017. During that time frame, facial recognition technology represents one of the [c]
Xpert Decision Systems (XDS), the largest locally owned credit information bureau in South Africa, has launched a new automated facial biometric solution. This web-based solution will enable its clients to remotely, and securely, verify the [c]
INTERPOL has unearthed a sophisticated fraud scheme which is conducted using compromised emails, advance-payment fraud and money laundering targeting financial institutions and authorities across Germany, Ireland and Netherlands. In mid-March, as a number of countries [c]
Kaspersky has announced its intention to develop services designed to provide security for game developers and gamers. Through the Kaspersky Innovation Hub (Kaspersky iHub*), the firm is starting a new round of selection for highly-specialised startups [c]
A new study from by Juniper Research has found that e-commerce merchant losses to online payment fraud will exceed $25 billion in 2024, from just of $17 billion in 2020, despite the ongoing implementation of [c]
INTERPOL is urging members of the public to exercise caution when buying medical supplies online during the current health crisis, with criminals capitalizing on the situation to run a range of financial scams. With surgical [c]
The escalation of financial crime is not far behind the double-digit growth of digital payments. CredoLab’s Senior VP, Tarun Kumar Kalra, says: “Rapid expansion of digital channels, exploding growth in the number and types of devices, [c]
Kaspersky experts have detected a new online fraud scheme designed to trick people into thinking they are owed compensation. Under the pretext of offering compensation for personal data leaks, scammers instead urge users to buy [c]
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