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Image sourced from Feed Navigator. Traditional payment fraud has been rife for some time, where the cybercriminal impersonates the CEO, or other senior members of staff, to convince the finance department to make an urgent payment to either a new supplier or update their bank details. Now over the past month, there has been an increase in an evolved method of change of bank details or payment fraud cyber-attack. This new trend involves an internal change of bank details, mostly for the CEO. The change of bank details fraud uses fake banking confirmation letters and the trust of finance people to update an existing supplier’s details. The growing number of successful attacks have proven to be very costly to businesses of all sizes. Owing to this, many businesses have now implemented stronge...
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Image sourced from Kansas Discovery. Safaricom, a telecommunications provider in Kenya, confirmed that minors will not get access to loan services like M-Shwari and Fuliza. The Kenyan telco announced on Friday that it is introducing M-PESA Junior Accounts for individuals between the age of 10 and 18 years old. The company said that the minors will have access to the network via SIM cards registered under their guardians or parents. “We plan to soon launch an M-PESA Junior Product for our children who may have access to mobile phones,” Safaricom CEO Peter Ndegwa said. According to Techweez, M-Pesa makes the most money for the company, hence it wants to expand the scope of its M-Pesa services. It recorded a 30.3% YoY growth to KES 107.69 billion ($926.2-million). The total M-PESA transaction...
Zuko Mdwaba, Area VP, Salesforce South Africa. In the business world, the term “Fourth Industrial Revolution” is gradually gaining traction. What began with steam and water power has evolved into advanced computerisation and technology that is ready to disrupt virtually every industry at breakneck speed. The acceleration of the Fourth Industrial Revolution (4IR) and the digitalisation of our life is possibly one of the most significant consequences of the Covid-19 pandemic. Do businesses, on the other hand, fully comprehend the revolution’s potential and challenges? What is the fourth industrial revolution? Before we look at the opportunities that may come as a result of the 4IR, it’s important to first grasp what the 4IR is all about. It refers to how the Internet of Things (I...