Very interesting from a legal perspective - authorities dealing with merger control are placing increasing emphasis on public interest initiatives, meaning that many companies will up their investments in educational institutions, either proactively or as a part of conditional merger approval (for example). The emerging institutions in this regard frequently offer courses in cyber security due to the field easily ‘ticking the boxes’ that the authorities are looking for in meeting our policy goals (because it is, as you have mentioned, so important!)
Hopefully similar policy will spread across Africa where the gap in digital financial inclusion has only increased since the pandemic.
Fraudsters are always on the ball in terms of keeping up with new preventative measures to safeguard information, especially in the cyber crime space. From a fraud risk management space it’s been recognized that the customers themselves are the biggest weakness in protecting their own data, regardless of subscribing to authentication methods such as MFA. This is mainly due to the plight of social engineering, which often leads to people voluntarily giving their authentication codes due to some form of manipulation. So from a customer perspective I think not only familiarizing oneself with different levels of security measures, but also being vigilant in concern for legitimacy when using said tools.
Very interesting from a legal perspective - authorities dealing with merger control are placing increasing emphasis on public interest initiatives, meaning that many companies will up their investments in educational institutions, either proactively or as a part of conditional merger approval (for example). The emerging institutions in this regard frequently offer courses in cyber security due to the field easily ‘ticking the boxes’ that the authorities are looking for in meeting our policy goals (because it is, as you have mentioned, so important!)
Hopefully similar policy will spread across Africa where the gap in digital financial inclusion has only increased since the pandemic.
Fraudsters are always on the ball in terms of keeping up with new preventative measures to safeguard information, especially in the cyber crime space. From a fraud risk management space it’s been recognized that the customers themselves are the biggest weakness in protecting their own data, regardless of subscribing to authentication methods such as MFA. This is mainly due to the plight of social engineering, which often leads to people voluntarily giving their authentication codes due to some form of manipulation. So from a customer perspective I think not only familiarizing oneself with different levels of security measures, but also being vigilant in concern for legitimacy when using said tools.