cybercrime
WHILE digital identities are key to protecting people and institutions from financial fraud, these can also be abused in a “Big Brother” manner.
Astrid Ludin, Financial Sector Conduct Authority deputy commissioner, says although there are great opportunities for a cohesive digital identity thanks to digitisation, which can be good for society and an economy, there are associated risks.
Cybercrime is the digital thread that runs through all of this, an issue that companies and people must deal with globally.
Speaking at the recent Southern African Fraud Prevention Service International Fraud Summit, she says it is vital to authenticate and verify the people transacting on both ends
