Friday, November 22African Digital Business Magazine

Tag: phishing

8.7% of users encountered phishing attacks in Africa in 2022, global number of attacks exceeds 500 million
Kenya News, South Africa News, Tech

8.7% of users encountered phishing attacks in Africa in 2022, global number of attacks exceeds 500 million

Kaspersky’s (www.Kaspersky.co.za) anti-phishing system prevented more than 500 million attempts at accessing fraudulent websites globally in 2022. This is twice more compared to 2021 figures. In Africa, 8.7% of individuals and corporate users were affected by phishing: attacks on their devices were detected and stopped. In South Africa, the share of users affected by phishing stands at 9.7%, followed by Kenya at 8.4% and Nigeria at 7%. Detailed information on the global situation with spam and phishing can be found in Kaspersky’s Spam and Phishing in 2022 (https://apo-opa.info/3Zc1idO) report. Although spam and phishing attacks are not necessarily complex from a technological standpoint, they rely on sophisticated social engineering tactics, making them highly dangerous to those who are n...
Fintech, South Africa News, Tech

Payment fraud – top five scams to look out for

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. Ryan Mer, CEO, eftsure Africa, a Know Your Payee™ (KYP) platform provider, says that fraudsters are constantly finding new ways to exploit vulnerabilities and attack corporate payment systems and it’s critical that we all work together and share information to remain one step ahead of scammers. Accounts payable fraud is one of the most damaging and is common in companies large and small, targeting the department responsible for paying suppliers and other vendors. A report from JP Morgan  found that 81% (source) of organisations were hit with payment fraud in 2019, and only a relatively small portion of losses are recovered because the scam worked so well. He...