Page 3 - Ryan Mer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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The social and economic impact of Covid-19 has led to a marked increase in opportunistic crimes of desperation, particularly in digital payments fraud as consumers flock to digital channels to replace or supplement in-person interactions. This rapid shift to digital, which is providing necessary solutions during a time of crisis, is fuelling a surge in […]

The truth is, all businesses are at risk of being scammed at some point, and just one incident can cost a company millions of Rand. Ryan Mer, CEO, eftsure

Jul 30, 2021 South African businesses, already under severe economic strain, are now counting the costs of rapidly increasing internal payments fraud. According to Ryan Mer, MD of eftsure Africa, the number of recent high-profile cases before the courts only partly reflects the true scale of the problem. Estimates suggest that it costs the private sector more than R2-billion every year to combat theft and fraud. According to a PWC report, South Africa was ranked as having one of the worst white-collar crime rates in the world. A similar study conducted by the Association of Certified Fraud Ex...

Allegations are that many of the syndicates that are responsible for cyber attacks are not based in South Africa making the cybercrime one of the most difficult to tackle.