MTN South Africa is beefing up security at customer touchpoints in an effort to fight fraud and make its services more efficient. The telecommunications operator, which is owned by JSE-listed MTN Group, said on Wednesday that it will deploy a digital ID system with real-time biometrics across all its stores nationwide. The roll-out follows a…
We are one of the leading cryptocurrency exchanges. Discover how crypto.com, one of the world’s fastest-growing crypto-currency platforms, collaborates with LexisNexis Risk Solutions to stay ahead of evolving fraud threats. Deyan Tsvetkov, SVP of Risk Management at crypto.com, shares how LexisNexis ThreatMetrix supports crypto.com’s global expansion by boosting fraud detection by 26%, enabling seamless onboarding and ensuring…
Fraud in the telecommunications sector is costing the South African economy an estimated R5.3-billion/year – and Sim swap-related attacks are a significant contributor, accounting for 60% of all mobile banking breaches. This is according the Communication Risk Information Centre’s (Comric’s) 2025 sector report, released on Tuesday. Comric is an industry body funded by MTN, Vodacom,…
APP scam losses are on the rise, according to ACI Worldwide’s latest Scamscope report. Amid an ever-changing payments landscape, real-time payments are booming, offering significant value for financial institutions. At the same time, Authorized Push Payment (APP) scam losses are on the rise. To unpack these and other key trends in payments and fraud prevention,…
Three current and former Louisiana police chiefs, a U.S. marshal and a businessman have been federally charged with participating in an immigrant visa fraud scheme, prosecutors announced Wednesday. A federal grand jury in Shreveport returned a 62-count indictment against the five people on July 2, Acting U.S. Attorney Alexander Van Hook for the Western District…
