Regulation for Big Tech

IBFed) and Oliver Wyman published their joint report titled “Big-Banks-Bigger-Techs-How-policy-makers-could-respond-to-a-probable-discontinuity”. The report shows how authorities worldwide face the difficult challenge of ensuring that regulation and supervision protects consumers and systemic stability while capturing the benefits of innovation and competition. This IBFed report shows how authorities face the challenge of protecting consumers and systemic stability while capturing the benefits of innovation and competition.

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June Debt Relief Update

South African banks have so far approved more than R30,6 billion in relief to individuals and businesses affected by the Covid-19 pandemic and national lockdown. Separately, over R10, 6 billion has been extended to distressed businesses under the Covid-19 Loan Guarantee Scheme.

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Supplementary Budget June 2020

During his supplementary budget speech, the Minister of Finance, Tito Mboweni, called on South Africans to confront the problems facing the country head-on. Yet, there was little detail in the budget on the structural reform and growth enhancing policies that are urgently required for any realistic chance of South Africa achieving a reduction in unsustainable government debt and a primary surplus by 2024.

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Tips to prevent Card Not Present (CNP) Fraud

Card-not-present fraud (CNP) is the leading contributor to gross card fraud losses, which occurs when a person’s card number is used fraudulently by someone else to make a purchase while the physical card is in their possession.

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Tips to Prevent Phishing and Vishing Phishing

Today we’re tackling the issue of how to avoid phishing and voice phishing (vishing). You can learn about other similar threats—and how to prevent this type of cyber crime.

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Tips for Protecting Your Personal Information

Protecting your personal information can help reduce your risk of identity theft. There are four main ways to do it: know who you share information with; store and dispose of your personal information securely, especially your Identity number; ask questions before deciding to share your personal information; and maintain appropriate security on your computers and other electronic devices.

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Tips for Protecting Yourself Against Sim Swops

The fraud is known as SIM swapping, and it can be used to take over your financial accounts. SIM swapping relies on phone-based authentication. In a successful SIM swap scam, cybercriminals could hijack your cell phone number and use it to gain access to your sensitive personal data and accounts.

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Tips for Carrying Cash Safely

Carrying large sums of cash increases your risks of becoming a victim of a robbery. So, whether you're an individual, a business, a savings club or a stokvel, we have tips to help you carry cash safely.

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Sabric Annual Crime Stats 2019

SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its annual crime stats for 2019 and is pleased to announce that robust mitigation strategies deployed by member banks and partners are showing results.

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Covid-19 Loan Guarantee Scheme

South African banks have approved just over R7 billion in loans for 4 800 qualifying small businesses, since the Covid-19 Loan Guarantee Scheme was launched in mid-May. This amount is expected to grow as the number of applications for loans continues to increase.

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