Three things banks can learn from cybercriminals

Opinion piece by William Lawrence, regional practice lead: Fraud and Financial Crimes at SAS.

Cybercrime costs the South African economy R5.8 billion a year and 19% of online banking users have fallen victim to online fraud, up from 10% a year ago.

Understanding how cybercriminals operate and the techniques they use is key to preventing attacks. But how do we do that when cybercrime evolves seemingly by the minute and new threats emerge daily?

Cybercriminals are smart and well-connected. They do a few things particularly well that ensure their success – and banks should take note Read more

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