crime Archives - AfricaBusiness.com

2Feb

By Africa BusinessNo Comments

South Africa News

AURA launch inaugural crime trend report to better understand and prevent SA’s high crime rate

AURA, South Africa’s leading security and medical response marketplace has released its inaugural Crime Trend Report, providing new and unique insight into South Africa’s crime stats in key categories from armed robberies to attempted hijackings and gender-based violence. The report gathered data over the past year from AURA’s nationwide network of over 250 private security and medical companies comprising thousands of response vehicles and over 300,000 active users. By having a clear and accurate picture of the threats South Africans face technology can then be used to combat, and even prevent crime, says AURA CEO Warren Myers. “With these powerful data sets, which are being refined and improved daily, we are beginning to really understand how to apply technology to make our country...

How Fintech can help secure the world from the economic impact of viral pandemics

The coronavirus pandemic continues to turn the world and our lives upside down, with the outbreak forcing governments to put into place measures that reduce the risk of contamination, and focus on pre-emptive processes. The strain on the economy is palpable, and is an impending catastrophe that could exceed the crash of 2008, and the Great Depression a century ago, if left unchecked. Besides asking people to practice social distancing and enforcing lockdowns to avoid the spread of the contagion, governments have another source of contamination they need to worry about: banknotes. The latest Fintech innovations can help mitigate the risk of transmission of the virus, by reducing the need to use physical money. Viruses and pathogens are known to live on surfaces for up to 48 hours. Some res...

Financial Scams – How to avoid becoming a victim

South Africa has significantly more financial crime than most other countries. With a rate of 77% compared to a global average of 49%, SA is something of a hotbed for fraud and scams. As consumers and insurance-seekers we need to understand the risks of economic crime and how to avoid becoming a victim, the risks of committing insurance fraud and how to avoid being inadvertent perpetrators of fraud ourselves, by for example, omitting information in an insurance application. Herman Lombard, Founder and Executive Director of financial services provider African Unity, explains that an intentionally fraudulent claim could result in cancellation of the policy as well as a negative reputation with the insurer and the industry in general. “Consumer fraud is the second highest ranking category of ...