South Africans are increasingly being targeted by AI-generated fraudsters who sound just like bank employees.
Browsing: Entersekt
Artificial intelligence is giving attackers volume and sophistication, but humans remain the weakest link.
Digital identity experts have welcomed new draft regulations as a good starting point but have flagged areas of concern.
Sophisticated bots are adapting in real time, outpacing traditional banking authentication controls.
As banks beef up their security perimeters, criminals are now devising methods to beat banks’ own authentication protocols.
Banks face rising digital fraud threats, but there are robust solutions at hand, says Entersekt’s Gerhard Oosthuizen.
The acquisition of Modirum 3-D Secure will create a significant global player in digital payment security.
Rather than building fortresses, forward-thinking businesses are empowering their users to safeguard their digital identities.
Almost a third of local transactions are still running on 3D Secure version 1 despite a deadline to “sunset” this version of the protocol.
US technology-focused private equity giant Accel-KKR has made a “significant” investment in Stellenbosch-based Entersekt.