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The scary nature of cybercrimes and the strain of bringing perpetrators to book

SA can prevent payments fraud crippling businesses and local municipalities – AfricaBusiness com

 Africa , a Know Your Payee™ (KYP) platform provider says technology can be a powerful tool against the fraud and corruption plunging South Africa’s municipalities and businesses into financial crisis. According to a recent report in News 24, a former OR Tambo District Municipality project accountant who defrauded the municipality out of R9.8 million was recently sentenced to 15 years in jail. She was the authorised officer responsible for processing claims from service providers and effecting payments to their bank accounts. Money was transferred to companies belonging to her former boyfriend and sister even though no services were rendered by said businesses. Another News 24 report details how nine people who allegedly defrauded the City of Tshwane out of R53m in December 2019 when the city’s servers were allegedly hacked, were finally arrested by the Hawks in March 2021.

Staying ahead of cybercrime is a business imperative – AfricaBusiness com

Staying ahead of cybercrime is a business imperative – AfricaBusiness com
africabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africabusiness.com Daily Mail and Mail on Sunday newspapers.

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