SA tech entrepreneur facing US fraud charges

By Bryan Smith for Coin Insider  Eran Eyal, a South African-educated technology entrepreneur who now lives in the US, is facing criminal charges in the New York for allegedly stealing more than US$600 000 from investors. According to a new release from New York...

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Big tech is still violating your privacy

By Giovanni Buttarelli for The Washington Post  First came the scaremongering. Then came the strong-arming. After being contested in arguably the biggest lobbying exercise in the history of the European Union, the General Data Protection Regulation became fully...

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Beware new Absa, MWEB scam

Source: MyBroadband MWEB and Absa clients have been targeted in a new e-mail phishing attack, where they are asked to open an attachment aimed at stealing their private information. The email asks users to open an HTML attachment, which in turn opens a form in a...

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E-tolls: are they being scrapped or not?

By Penwell Dlamini for Sowetan Live; BusinessTech Gauteng residents may have to wait for some time before clear word comes through on what should happen to the failed e-tolling system in the province. Gauteng premier David Makhura tried unsuccessfully to explain to...

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Facebook tests Russian troll blocker feature

By Annie Palmer for DailyMail  Facebook will soon be able to notify you if Russian trolls are sliding into your DMs. The social media giant is testing a new feature that will include additional information from unfamiliar contacts who have direct messaged you on...

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Eskom posts R19bn in irregular spend

By Sibongile Khumalo for Fin24 Eskom suffered a net loss of R2.3bn in 2018, compared with a R0.9bn profit the previous year, the state-owned power producer revealed at its financial results presentation on Monday. CEO Phakamani Hadebe said the poor results were...

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Was Absa’s drone show illegal?

By Timothy Rangongo and Jay Caboz for Business Insider SA Absa put on Africa’s first “drone firework” show in partnership with technology giant Intel above Johannesburg last Wednesday night, but it is not clear how it got permission to do so....

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Debit order disputes on the rise

By Carin Smith for Fin24 Debit order disputes have increased significantly over the last three years, according to the Payments Association of South Africa (PASA). Yet, it said recent investigations have shown that in the majority of cases, proof that debit orders...

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VBS executives may have stolen 75% of its assets

By Warren Thompson for Business Day  The South African Reserve Bank painted a grim picture on Monday that suggests as much as 75% of VBS Mutual Bank’s assets may have been stolen by its executives and directors. “It’s a travesty that the failure of management...

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The Road Accident Fund rents office chairs for R1 666 each

Source: The Citizen  R1 666 to rent an office chair for a month may seem a bit steep, but that’s exactly what the bankrupt state insurer is charging. Are you sitting down for this? The Road Accident Fund has pushed through a contract for the rental of 300 office...

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Five massive data breaches affecting South Africans

By Tehillah Niselow for Fin24  Liberty Holdings customers received SMSs on Saturday alerting them that personal information related to their insurance policies could have been stolen by an external party. The Information Regulator, which has asked for information...

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Liberty Life hacked, user data exposed

Financial services group Liberty Life sent out an SMS to their clients on Saturday evening informing them of a major security breach. Liberty launched an investigation after its systems were hacked, and said the hackers alerted the company to potential vulnerabilities...

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