The annual benchmark report evaluates the top solutions addressing account takeover fraud.
A money mule is a bank account, or the holder of the account, necessary for receiving fraudulent funds so these can be transferred and cashed out.
An internal investigation shows that, at this stage, a limited number of clients have had their personal data compromised, says the firm.
The cyber security landscape has become cluttered with vendors trying to outdo each other with confusing acronyms and overlapping features, says David Herselman, MD at inq. South Africa.
The average data breach costs R53.10 million in 2024 − in business disruption, post-breach customer support and remediation.
Effective anti-money laundering verification safeguards the integrity of the financial system and helps maintain compliance with regulatory requirements.
Critical assets and privileged accounts must be securely accessed if companies are to protect their environment and be legislatively compliant.
The transition to remote work has expanded the attack surface for cyber threats.
Industry calls for a collaborative effort to ensure online safety of young people, as access to online platforms becomes increasingly easy and prevalent.