fraud prevention

S.A Correctional Services Implements Public Protector’s Escape Prevention Plan

The Department of Correctional Services in S.A says it has met all recommendations set by the Public Protector to develop an escape prevention strategy. On Tuesday, the department briefed Parliament on its action plan to comply with the remedial action contained in the Public Protector’s report on Thabo Bester’s escape from Mangaung Correction Centre in the Free State. The department’s, Pheladi Kekana, says they have also established guidelines for managing […]

12 February, 2025 49

Business / Economics

FNB Namibia Warns Customers About Rising Holiday Fraud

Tjirimuje Raseuatjo, FNB Namibia's Head of Operational Risk, has raised concerns about a surge in fraud cases during the festive season, particularly affecting those who may be more relaxed. The bank reminds customers that it will never ask for sensitive information like OTPs or passwords and urges them to take secure measures to protect their accounts.

18 December, 2024 31

Business / Economics

ACFE Launches Namibian Chapter to Combat Fraud and Corruption

The Association of Certified Fraud Examiners has launched a Namibian chapter to enhance efforts against fraud and corruption. The chapter will train and certify professionals to combat these crimes. The event focused on trends and challenges in fraud prevention. We spoke to Eugenia Pyntikova, senior counsel at ACFE US.

22 November, 2024 35

South Africa

NamRA Warns of Rising Counterfeit Tax Certificates Locally

The Namibia Revenue Agency has issued a warning about the circulation of counterfeit Tax Good Standing Certificates, which are being used in various processes, including public procurement. NamRA has identified 42 cases of fraudulent certificates, with 13 of these escalating into criminal investigations. As of March 2023, nine arrests have been made related to the issue. The agency urges the public and taxpayers to be vigilant in verifying the […]

22 November, 2024 18

South Africa

SA Faces Rising Cyber Threats

The Southern African Fraud Prevention Service says the role technology plays in fraud, and scams are becoming particularly challenging in South Africa. In 2022, the country experienced the most cyberattacks on the African continent. It is estimated that in 2023, the average number of weekly cyberattacks per organisation in Africa increased by 23-percent year-on-year, making it the highest average globally. Southern African Fraud Prevention Service’s, Roy Retief, says companies need […]

19 November, 2024 27

Africa

Hustle academies: west Africa’s online scammers are training others in fraud and sextortion

By Suleman Lazarus, London School of Economics and Political Science and Mark Button, University of Portsmouth As the world becomes increasingly connected, digital fraud has evolved from a local problem into a global one. West Africa, particularly Ghana and Nigeria, is witnessing the rise of “hustle kingdoms” – informal academies that train individuals to carry out digital scams. The term “hustle kingdoms” originated from online scammers themselves, used […]

12 September, 2024 79

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Local

Capricorn Group Changemakers donate winter items to vulnerable senior citizens

On Friday, 21 June, Capricorn Group employees, in their role as Changemakers, demonstrated their commitment to making a positive impact in the community when they hosted a winter warmer event for vulnerable pensioners from Katutura Old Age Home and the Khomasdal Old Age Home. Changemakers donated winter items like knee blankets, socks, gloves, beanies, scarves and toiletries worth N$ 20 000.00. The employees further treated the elderly […]

24 June, 2024 22 2

Business / Economics

FNB Namibia warns against cyber fraud

As online shopping continues to grow, FNB Namibia is advising customers to be wary of cyber criminals when purchasing goods or online services. Here is FNB Namibia Risk Manager, Vernon Husselmann with more.

6 February, 2024 86

Business / Economics

Bank Windhoek addresses employee theft

Bank Windhoek's Managing Director, Baronice Hans says that the amount of money stolen by an employee, Nico Rebebe is less than N$2 million. She assured that customer funds remain unaffected due to robust systems and controls in the bank. Police crime reports earlier revealed that Rebebe transferred N$200 million, splitting it between two different bank accounts opened on 20 December 2023.

15 January, 2024 43