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…
