{"id":3657,"date":"2012-01-25T00:00:48","date_gmt":"2012-01-25T00:00:48","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=3657"},"modified":"2012-02-07T05:29:08","modified_gmt":"2012-02-07T05:29:08","slug":"major-cyber-fraud-in-sa-private-sector-security-analyst","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/3657\/major-cyber-fraud-in-sa-private-sector-security-analyst\/","title":{"rendered":"Major cyber fraud in SA private sector \u2013 security analyst"},"content":{"rendered":"

Philip Zwart, director for fraud investigation & dispute services at financial services firm, Ernst & Young, says there is a large amount of cyber fraud within the private sector that doesn\u2019t make it into the press.<\/p>\n

The statement follows the R42 million cyber heist on the Post Bank, a member of the Post Office Group, on New Year\u2019s Day.<\/p>\n

He noted private institutions, including local banks, as being major targets.<\/p>\n

\u201cIt’s [cyber-crime] happening in the corporate environment in South Africa; it\u2019s not only government organisations that are targeted – but it’s not reported for obvious reasons,” said Zwart.<\/p>\n

Tom Scholtz, research vice president at technology research group, Gartner<\/a>, says the current economic downturn has culminated in an increase in cyber-criminal activity.
\nKwa-Zulu Natal, where Zwart is based, has seen a lot of recent arrests of syndicates working in the area.<\/p>\n

\u201cIt can be beaten,\u201d he said.<\/p>\n

According to Ernst & Young, geographically there are areas where government is on top of cyber-criminal activity – but in other areas, government is playing catch-up in what is still a relatively new, but evolving criminal space.<\/p>\n

But he insisted that this type of crime was not limited to government. \u201cIt is equally prevalent in the private sector,\u201d he said.<\/p>\n

Gartner said that governments are often targeted as a source of a sensitive information – including databases containing email, physical addresses, and even bank accounts. \u201cSome activist-type hackers are only even interested in embarrassing governments,\u201d Scholtz said.<\/p>\n

Gartner said that the proliferation of devices in recent years has also opened up points of access for criminals.<\/p>\n","protected":false},"excerpt":{"rendered":"

Philip Zwart, director for fraud investigation & dispute services at financial services firm, Ernst & Young, says there is a large amount of cyber fraud within the private sector that doesn\u2019t make it into the press.<\/p>\n","protected":false},"author":9,"featured_media":5419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[887,891,475,26,889],"class_list":["post-3657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-cyber-crime","tag-ernst-young","tag-gartner","tag-headline","tag-post-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/3657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=3657"}],"version-history":[{"count":16,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/3657\/revisions"}],"predecessor-version":[{"id":4465,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/3657\/revisions\/4465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/5419"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=3657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=3657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=3657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}