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Covid-19 was a boon to perpetrators of commercial identity theft around the world. The Global Consumer Pulse Study reports that 37% of South African consumers have recently been targets of Covid-19 related digital fraud. TransUnion reports that the percentage of suspected fraudulent digital transaction attempts against businesses that originate from South Africa increased by 44% […]

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Digital escrow provider Castler gains traction amid rising online frauds An average of 6,000 transactions executed every month with cumulative transaction value pegged at Rs 80 crore Castler has registered a significant jump in the number of transactions on its platform Ashish Rukhaiyar Updated Aug 04, 2021, 1:57 PM IST At a time when cyber frauds and online scams are on the rise globally and in India, Castler, a start-up that specialises in digital escrow solutions, has registered a significant jump in the number of transactions on its platform.   This assumes significance as a recen...

One year after Covid-19: Digital fraud attempts in SA have increased exponentially, says TransUnion 22 April 2021 - 07:54 By TimesLIVE TransUnion research shows digital fraud attempts in South Africa have increased exponentially. Image: 123RF/GLEB STOCK TransUnion’s latest quarterly analysis of global online fraud trends found that since the Covid-19 pandemic began, fraudsters in SA are increasing their digital schemes against businesses. TransUnion’s recent global consumer pulse study also found that 37% of SA consumers have recently been targeted by Covid-19 r...