Weak SIM registration processes continue to enable fraud. (Graphic: Nicola Mawson, with images from ITWeb, Pexels and Freepik) Amid growing calls for biometric registration of SIM cards, global bodies warn that such a move could exclude vulnerable citizens and create underground markets for fraudulently registered SIM cards. Mobile industry veteran Johan van Graan is calling…
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…
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 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…
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:…
