Globally 1 in 4 Consumers Victimized by Card Fraud

Posted on by wademinnie | 9457 Views | 10 min read

A global fraud study of more than 6,100 consumers across 20 countries revealed that one in four consumers is a victim of card fraud in the last five years. The study, conducted by ACI Worldwide and Aite Group, also highlighted that 23 percent of consumers changed financial institutions due to dissatisfaction after experiencing fraud. Card

Credit Card Breach in South Africa – Summary of Bank and PASA Responses

Posted on by wademinnie | 11249 Views | 10 min read

There was a massive breach in South Africa’s banks last week resulting in tens of millions of rands in losses. The breach was caused by a malicious malware called Dexter which was unknowingly installed on the POS terminals of a number of fast food chains. It is believed that the malware was implemented by an