SPONSORED | International Fraud Awareness Week was celebrated this month in numerous countries. But can you spot the most common Covid-19-related digital scams in SA? StandardBankZA has the answers.
SponsoredInternational Fraud Awareness Week was celebrated this month in numerous countries, including SA. It calls on consumers to step up in their communities and help build a culture of cybersecurity.
From about 2004, the world began to realise cybersecurity was a huge concern. The more people used the internet, the more risk there was for breaches in security as hackers were getting in where they did not belong. It was with these concerns in mind that International Fraud Awareness Week was established to help focus attention on this critical issue.
One year after the arrival of the Covid-19 pandemic, TransUnion’s latest quarterly analysis of global online fraud trends showed that since the start of the pandemic, there had been an increasing number of digital fraud attempts against SA businesses. In addition, TransUnion’s Global Consumer Pulse Study found that 37% of SA consumers had recently been targeted by Covid-19-related digital fraud.
The financial services sector remains a top target in Africa when it comes to cybercrime – not surprising when one considers the sector’s digital-first approach, driven by the needs of its customers.in place to help consumers conduct their everyday banking with peace of mind. The onus is, however, still on consumers to avoid falling into the digital traps set by fraudsters.
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