Sim - eriinfo

Sim crime goes industrial as fraudsters target South Africa’s digital economy

eriinfo.com5 days ago010 mins

A Sim card is, effectively, a portable identity token. Once compromised, it gives attackers a backdoor into bank accounts, digital wallets, investment apps and high-risk transactional environments. Sim-swap fraud, identity impersonation and large-scale Sim-farm operations are no longer fringe problems; they are industrialised criminal enterprises. The Communications Risk Information Centre 2025 Telecommunications Sector Report found…

Freely available illegal SIM cards fuel financial crime

eriinfo.com2 months ago09 mins

SIM cards purchased by ITWeb that had already been illegally registered with networks. (Image by Nicola Mawson) Even as South Africa gears up to be delisted from the Financial Action Task Force (FATF) grey list, a major issue persists because of the availability of illegally registered SIM cards that are used in various crimes, including…

Standard Bank CEO Sim Tshabalala to step down in 2027

eriinfo.com4 months ago01 mins

Standard Bank Group CEO Sim Tshabalala. Luc Gnago/Reuters Standard Bank Group said on Thursday that its CEO, Sim Tshabalala, would retire towards the end of 2027 in line with its leadership succession planning. The announcement comes after the bank reviewed its retirement age for executives and decided to increase the normal age from 60 to…

Say goodbye to Sim swap scams: Voys keeps your business calls secure

eriinfo.com5 months ago09 mins

In South Africa, Sim swap fraud has become one of the most damaging threats for both individuals and businesses. Criminals hijack your mobile number by fraudulently transferring it to a new Sim card, letting them intercept calls, SMS-based one-time Pins, and even compromise banking or social media accounts. For businesses, the fallout can be catastrophic:…