The accessibility of generative AI tools has lowered the barriers for would-be criminals, while the transition to hybrid work models and geographically dispersed teams has expanded the attack surfaces they can exploit. In this context, the overlap of AI technology and the interests of financial leaders becomes increasingly significant, says Ryan Mer, CEO of eftsure Africa, a Know Your Payee (KYP) platform provider.
Tag: eftsure Africa
The anatomy of a scam: Psychological tricks payment fraudsters use to get their way
The rise in finance and accounting cybercrime through phishing and Business Email Compromise (BEC) has made headlines with massive implications for South African companies with gaps in […]
Protect against Business Email Compromise – or it may cost you dearly
Don’t let your business be punished for, and by cyber fraud As the business landscape rapidly evolves, a general awareness of security vulnerabilities is no […]
Fraud trends every CFO should know
PwC’s Global Economic Crime and Fraud Survey 2022 revealed that 46% of organisations have experienced fraud, corruption, or other economic crimes in the last 24 months. […]
Payment Fraud: Steps to Take If Your Business Gets Scammed
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The truth is, all businesses are at risk of being scammed at some point, and just one incident can cost a company millions of Rand. […]
Internal fraud – who commits it and why
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Global losses from payment fraud have tripled from US$9.84 billion in 2011 to US$32.39 billion in 2020, according to Deutsche Bank’s 2021 report on the […]
BEC Attacks: Who is legally responsible?
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Cybersecurity is more than a tech issue – it’s a business problem too
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