Rise by 78% in digital fraud threatens trust in SA
The Citizen|November 22, 2024
With International Fraud Week taking place this week, telecommunications fraud is on the rise in South Africa, with the sector seeing one of the highest suspected digital fraud attempt rates globally, according to credit bureau Trans Union.
Faizel Patel

Trans Union's 2024 state of omnichannel fraud report revealed that in 2023 alone, 15.5% of all suspected digital fraud attempts in South Africa targeted the telecom industry, marking a staggering 78% increase year-over-year.

This trend, according to the report, highlights the magnitude of the issue and emphasises the critical necessity for the industry to bolster its defences.

Amritha Reddy, senior director for solutions at Trans Union Africa, said the Covid pandemic accelerated the sector's shift on-line as customers moved to digital channels for critical transactions, such as new contracts and upgrades, that were once con-ducted in-store.

هذه القصة مأخوذة من طبعة November 22, 2024 من The Citizen.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 22, 2024 من The Citizen.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE CITIZEN مشاهدة الكل
The Citizen

Rassie snub is a disgrace

The snubbing of Springbok boss Rassie Erasmus for Coach of the Year at the World Rugby Awards smacks of clear bias and should embarrass World Rugby.

time-read
1 min  |
November 26, 2024
BUCS' NEXT MISSION
The Citizen

BUCS' NEXT MISSION

RIVEIRO: CHAMPIONS LEAGUE PRESENTS A VASTLY DIFFERENT CHALLENGE

time-read
2 mins  |
November 26, 2024
The Citizen

Proteas must cash in on home soil

While there seems to be a growing trend of away teams winning Test series on the international circuit, spin bowler Keshav Maharaj says South Africa are confident of stretching their fine run of form on home soil when they face Sri Lanka in the first of two Tests, starting in Durban tomorrow.

time-read
1 min  |
November 26, 2024
The Citizen

'Remarkable' road for Pant

Two years after Rishabh Pant (above) feared his cricket career was over in a serious car crash, the wicketkeeper has become the most expensive player in Indian Premier League history.

time-read
1 min  |
November 26, 2024
The Citizen

Bumrah warns against complacency

Jasprit Bumrah warned his India side against complacency after their emphatic victory over Australia yesterday in Perth in the first of five Tests.

time-read
1 min  |
November 26, 2024
Proteas need to tighten up game
The Citizen

Proteas need to tighten up game

DE KLERK: YOUNG BOWLING ATTACK HAS A LOT TO LEARN

time-read
1 min  |
November 26, 2024
Schmidt not losing sleep
The Citizen

Schmidt not losing sleep

Edinburgh - Joe Schmidt (above) remained upbeat about Australia's chances against the British and Irish Lions despite Scotland dashing the Wallabies' hopes of a Grand Slam with a 27-13 win at Murrayfield on Sunday.

time-read
1 min  |
November 26, 2024
Bigger pressure ahead for Boks
The Citizen

Bigger pressure ahead for Boks

SUCCESS: EXPECTATIONS HIGHER TO SUSTAIN FORM

time-read
2 mins  |
November 26, 2024
The Citizen

New season brings hope for Blitzboks

The Springbok Sevens team left Cape Town for Dubai yesterday with a firm belief in their objectives for the new season and the knowledge that teamwork and work ethic will be non-negotiable.

time-read
1 min  |
November 26, 2024
Pep admits City looking 'fragile'
The Citizen

Pep admits City looking 'fragile'

Pep Guardiola (above) said he expected a slip in Manchester City's standards sooner or later but even he has been shocked by the English champions' implosion in a five-game losing streak.

time-read
1 min  |
November 26, 2024