Predictions 2019: South Africa’s Shift to a Cashless Environment Will Impact Payment Fraud Defences

Just over a year ago, I wrote on the FICO Blog that “2018 will be the beginning of the end for physical credit cards. However, their functionality will become even more omnipresent in our lives as more cards migrate to consumers’ mobile phones.” In fact, that prediction came true. After some initial hesitance, it’s been interesting to note that more and more South Africans are going digital and adopting mobile payments. The shift to a cashless environment has been largely pushed by the introduction of app-based payment services such as…

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New Year Cyber Security Resolutions: What Businesses Should Look Out For In 2019

South Africa is no stranger to data breaches, with databases of blue-chip companies such as Ster-Kinekor, ViewFines and Masters Deeds having been targeted in the recent past, often with staggering consequences for the companies and their clients. Doug Clare (Vice President of product management at predictive analytics company, FICO), forecasts that 2019 will be the year where companies of all sizes and industries experience a new level of alarm in realising their vulnerability to data breaches, hacking and other cybercrimes due to the proliferation of evermore sophisticated hackers. “Hacking has…

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Why Emails Are a Company’s Biggest Cybersecurity Concern

With the advent of Industry 4.0, it makes sense that we’re paying more and more attention to cybersecurity attacks on the manufacturing industry. We’re entering a digital revolution in manufacturing, in every aspect but one: cybersecurity. Recently, the Verizon 2018 Data Breach Investigations Report confirmed what we already knew: manufacturing companies are popular targets for hackers. According to the report, the manufacturing industry is the fifth most targeted sector, with over 536 attacks in the past year. Of these attacks, a reported 47 percent of them were committed for the purpose of…

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