Simswap - eriinfo

Biometrics take centre stage in fight against Sim-swap fraud

eriinfo.com1 year ago06 mins

Stricter and more widespread use of biometric authentication by mobile operators could help reduce the growing Sim-swap fraud menace in South Africa, according to the Communications Risk Information Centre (Comric). Comric is a shared intelligence hub set up by the big operators, including Vodacom, MTN, Cell C and Liquid Intelligent Technologies, as a joint effort…

Sim-swap fraud costing South Africa R5.3-billion a year

eriinfo.com1 year ago08 mins

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,…