Social media scams are on the rise

Social media scams are on the rise

There's never been a better time to be a scammer on social media. And it's not just events being falsely advertised, it's clothing, electronics, and more. FOX 5 NY's Jessica Formoso has the story.

February 29, 2024 23

Business / Economics

Know the most common types of bank frauds

By Bank Windhoek’s Forensics Services Manager, Johnny Truter. International law states that any illegal act involving deception to obtain money from a financial institution or a bank's depositors is categorised as bank fraud. Like other fraud offences, bank fraud involves using a trick to obtain money illegally. Nowadays, fraudsters are continuously coming up with different ways to steal people’s hard-earned money. The following looks at the most common trends used […]

February 27, 2024 23

World

Biden increases US port security over Chinese hacking fears

US president Joseph Biden has signed an executive order to increase cybersecurity at America's ports. It comes in response to fears of hackers gaining access to vital infrastructure in the US that is Chinese-made. Nick Harper reports from Washington.

February 22, 2024 8

World

Google’s open-source AI to fight malware threats

Google is launching an AI-powered open-source tool to identify file types and detect malware, expanding its protection to products like Gmail and Google Drive. Bloomberg News reports that the tool will be offered for free and is outlined in a white paper that was released at the Munich Security Conference on Friday, and advocates for advanced AI research and guidelines on autonomous cyber defenses.

February 19, 2024 12

Science & Technology

Identity at the core of Zero Trust: becoming cyber secure in education

In an age marked by an unprecedented surge in cyberthreats and data breaches, the importance of cybersecurity has reached new heights. Organisations worldwide are grappling with a mounting tide of cybercrime, with estimates from Cybersecurity Ventures projecting that cybercrime would cost the world a staggering $8 trillion in 2023; a number expected to soar to $10.5 trillion by 2025. It's a daunting reality that no one can afford to ignore, regardless of […]

February 14, 2024 196

Local

Bank of Namibia announces new board members.

The Bank of Namibia is pleased to announce the appointment of Dr Meshack Tjirongo, Adv. Eliaser Nekwaya and Mr. Peter Kruger as non-executive members of the Bank’s Board of Directors and the re-appointment of Mr. Ehrenfried Meroro as a non-executive board member. These appointments, in line with Section 9 of the Bank of Namibia Act (2020), will take effect from 1 February 2024. Mr. Peter Kruger is currently […]

January 30, 2024 35

Science & Technology

Phishing scams: 7 safety tips from a cybersecurity expert

Phishers are crafty and their scams are always evolving. weerapatkiatdumrong Thembekile Olivia Mayayise, University of the Witwatersrand Recently, one of my acquaintances, Frank, received an email late on a Monday afternoon with the subject line, “Are you still in the office?” It appeared to come from his manager, who claimed to be stuck in a long meeting without the means to urgently purchase online gift vouchers for clients. He asked […]

December 15, 2023 10

Business / Economics

TransUnion report reveals surge in e-commerce fraud during 2023 festive shopping season

TransUnion (NYSE: TRU) released new findings today highlighting e-commerce fraud that occurred during the start of the 2023 holiday shopping season, from the Thursday before Black Friday to Cyber Monday. Based on proprietary insights from TransUnion’s global device risk consortium, the average number of suspected digital fraud attempts on any given day during that holiday period where the consumer was located in Namibia during the transaction, was 87.5% higher than the same period […]

December 8, 2023 6