The South African fraud landscape has steadily increased over the past five years, making this one of the top risks South Africans face daily. Evidence of this risk is clear for all to see with the recent hack of the Companies and Intellectual Property Commission (CIPC) and the Government Employees Pension Fund (GEPF), which are stark reminders of the risk landscape we face.
"South Africans are becoming increasingly easy targets for fraudsters and scammers who are highly motivated to find their next victim. This is why the Fraud Summit is important because it highlights the current fraud landscape - which includes current modus operandi - as well as key interventions that can be put in place to combat fraud," says Manie van Schalkwyk, CEO of the Southern African Fraud Prevention Service (SAFPS).
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