By Terence Zimwara for Bitcoin.com According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the...
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R54bn crypto ‘hack’ shocker hits SA investors
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Irregular municipal expenditure sits at R26bn
By Babalo Ndenze for EWN The Auditor-General said on Tuesday irregular expenditure at municipal level continued to be a problem and was sitting at R26-billion incurred by 246 municipalities. Tsakani Maluleke briefed a joint meeting of Parliament and said that figure...
New traffic fine rules kick in on 1 July
The Administrative Adjudication of Road Traffic Offences (Aarto) Act will be implemented in five phases, each lasting around three months, starting on 1 July 2021. This is of huge concern for South African motorists and businesses that rely on road transport. From...
The top 10 industries under cyber-attack
By Carol Hildebrand for CSO As the COVID-19 pandemic triggered a massive shift in internet usage, cybercriminals quickly pounced, launching more than 10 million distributed denial-of-service (DDoS) attacks aimed at crippling targets with a heavy reliance on online...
Final countdown to POPI Act
Source: Lexology There is less than a month to go before South Africa’s Protection of Personal Information Act, 2013 (“POPIA”) is set to go into full effect on 1 July, 2021. It is critical for organisations operating in South Africa to ensure that they are ready if...
Shoprite’s own ‘police’ nab 200 criminals in a year
Source: IOL Giant South African retail chain Shoprite Group have tightened the screws on criminals targeting its stores. The supermarket chain said that its efforts to prevent crime and the protect its customers and employees by employing a team of security experts...
These WhatsApp messages can get you in trouble
By Ahmore Burger-Smidt and Nyiko Mathebula for Werkmans President Cyril Ramaphosa has just signed the Cybercrimes Bill, which seeks to bring South Africa’s cybersecurity laws in line with the rest of the world, into law. This Bill which is now an Act of Parliament...
Online shop disappears with over R340k
By Jan Vermeulen for MyBroadband A growing number of South Africans are falling victim to online shops that pop up overnight, rake in thousands of rands by offering great deals, and then disappear with the money. The South African Banking and Risk Information Centre...
FNB warns of screen scraping scam targeting businesses
According to a recent Business Tech article, businesses are often unaware that by giving a third-party or software programmes access to their financial information, they are potentially being exposed to the risk of screen scraping. This is a data gathering technique...
Beware of this banking scam
The Ombudsman for Banking Services (OBS) says it continues to receive complaints on a daily basis from consumers who were deceived into providing confidential banking information to fraudsters. The OBS recorded more than 640 new fraud complaints A bank customer will...
Most phishing e-mails originate from these countries
Source: IOL Security researchers have found that phishing emails are more likely to originate from certain countries in parts of Eastern Europe, Central America, the Middle East, and Africa. The country where emails originate and the number of countries they are...
Worker fired for reporting for duty despite positive Covid-19 test
By Loyiso Sidimba for IOL The Labour Court has ordered the dismissal of an employee who refused to self-isolate and continued working despite testing positive for Covid-19. Labour Court Judge Edwin Tlhotlhalemaje overturned the Commission for Conciliation, Mediation...
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