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News and updates

Jan 14, 2020

Russian speaking hacking group is attacking banks in Sub-Saharan Africa, according to Kaspersky

Kaspersky security researchers have reported on thousands of notifications of attacks on major banks located in the Sub-Saharan Africa (SSA) region. The malware used in the attacks indicates that the threat actors are most likely to be an infamous Silence hacking group, previously known to be responsible for the theft of millions of dollars from

Nov 1, 2019

Can dark web monitoring move you one step ahead of cybercriminals?

Imagine if it didn’t take an average of 190 days to identify a data breach and then a further 57 days to contain it. Imagine if instead you could cut down those times to just a few days or even a few hours, mitigating the effects of a data breach and minimize long-term damage to your organization.

Oct 30, 2019

The new era of machine learning–aided scams

New technologies are clearly changing the world, but not the human psyche. As a result, evil geniuses are devising new technological innovations to target vulnerabilities in the human brain. One vivid example is the story of how scammers mimicked the voice of an international CEO to trick the head of a subsidiary into transferring money

Oct 28, 2019

What you need to know about cyber fraud in car sharing services – a study of 13 car sharing apps

Cyber fraud in car sharing services has been booming in the digital era. The growing popularity of car sharing services has led some experts to predict an end to private car ownership in big cities. The statistics appear to back up this claim: for example, in 2017 Moscow saw the car sharing fleet, the number of active

Oct 22, 2019

Fraud in retail & e-commerce – who is in the bonus really?

There’s no doubt that loyalty schemes are a winning way to keep your customers loyal and grateful for your service and products. However, have you ever wondered who’s being lured into these e-commerce sales tricks even more so than your devoted customers? We suggest it’s fraudsters, and according to our latest research the schemes they

May 23, 2019

Kaspersky Lab rolls out services to protect blockchain and crypto businesses from cyberattacks and fraud

Cybersecurity giant Kaspersky Lab has launched new service packages for crypto and blockchain businesses to protect them from cyberattacks and fraud. With the proliferation of blockchain and crypto-focused businesses, cybersecurity risks are also on the rise. In the past two years, Kaspersky Lab said that its experts have identified a number of such risks and threats such as phishing

Nov 12, 2018

South Africans most susceptible to online banking attacks

ByRobin-Leigh Chetty AfricaCom 2018 is taking place this week which means some of the top organisations on the continent will be descending on Cape Town to discuss the current technology landscape and look to how things can be improved. One organisation with a focus on cybersecurity is Kaspersky Lab, and they will be showcasing some of their

Jul 29, 2018

Using our bodies as secure ID – when do we worry?

By  Marco Preuss You are uniquely you From your walk to your heartbeat, your body is unique – and the ID industry wants to use that.  This isn’t because they’re creepy, it’s because over the last few years the world has discovered that traditional approaches to confirming identities, particularly online, don’t work anymore. A determined attacker with

Jun 13, 2018

Kaspersky debuts Fraud Prevention solutions

By Staff Writer, ITWeb Securing digital growth The company says the rapid growth of digital channels has seen online fraud become a problem for a wide range of businesses beyond the finance sector, including loyalty programme providers and eCommerce entities. These businesses need to improve the security of online transactions and lower the risk of

Nov 2, 2017

Data breaches: should companies be doing more to protect our personal information?

There’s a lot of pressure on people to keep themselves and their data safe. We have to create long, strong, complex passwords with capitals, symbols and numbers, but never use that password for more than one website. We have to stay alert to the many potential risks of fraud online and in person, and behave

Oct 26, 2017

Let’s stop victim blaming on financial fraud

Headline Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016 alone, according to data from Financial Fraud Action UK. That’s tens of millions a day. It’s a serious and endemic problem – and it’s made worse by the shame. Headline New research from Barclays shows that a third of

Jul 9, 2017

Kaspersky Fraud Prevention: Evolving To Meet Changing Threats

By Ronen Shnidman Kaspersky Lab has been protecting businesses from cyber-threats for over 20 years. Kaspersky Fraud Prevention is now using that experience to help businesses protect their customers from fraud-related attacks. The company’s fraud prevention division claims a growing presence in Europe, the Middle East and Latin America. Kaspersky Fraud Prevention was recently at

Jul 9, 2017

Kaspersky Fraud Prevention: Evolving To Meet Changing Threats

By Ronen Shnidman Kaspersky Lab has been protecting businesses from cyber-threats for over 20 years. Kaspersky Fraud Prevention is now using that experience to help businesses protect their customers from fraud-related attacks. The company’s fraud prevention division claims a growing presence in Europe, the Middle East and Latin America. Kaspersky Fraud Prevention was recently at

Jul 6, 2017

Here’s how to stop SIM fraudsters from draining your bank account

If you haven’t experienced SIM swap fraud, count yourself lucky. It’s a relatively new, sophisticated form of fraud that allows hackers to gain access to bank accounts, credit card numbers, and other personal data. It’s tough to spot, and even tougher to undo the resulting damage. It’s a growing trend. According to the U.S. Fair Trade Commission, there

May 8, 2017

Hackers Leverage Flaws in SS7 to Drain Victims’ Bank Accounts

Earlier this year, hackers exploited vulnerabilities in the Signaling System No. 7 (SS7) protocols to sidestep two-factor authentication and steal funds from German victims’ bank accounts, according to Germany’s Suddeutsche Zeitung.The hackers stole bank login credentials via phishing emails that appeared to come from the victims’ banks, then leveraged flaws in SS7 to redirect the SMS

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