The South African Banking Risk Information Centre (SABRIC) is pleased to be releasing its inaugural digital banking crime statistics. We are all too aware that the advent of digital technology has seen the exploitation of digital platforms by criminals. In 2017, 13 438 incidents across banking apps, online banking and mobile banking cost the industry more than R250 000 000 in gross losses. While incidents from January to August 2018, already show a 64% increase, we are pleased that the increase in gross losses is just 7% when compared to the same period in 2017.
Industry Research
The dawn of proactivity: Countering threats from inside and out
According to the 2018 Global Economic Crime and Fraud Survey of PwC:
EY published their 2018 Global Forensic Data Analytics Survey
Source: www.ey.com
This year’s results show an increase in the use of advanced FDA technologies by companies from the prior two surveys. Respondents also indicated that additional investments in emerging technologies are on the horizon. Thirty-nine percent of respondents reported that they are likely to adopt robotic process automation within the next year. Further, 38% plan to adopt artificial intelligence.
Source: https://www.controlrisks.com/
RiskMap 2018 is the definitive forecast of political and security risk across the globe in the coming year. The main map covers the countries of the world and provides regional nuance within and across national borders. The Maritime, Kidnap and Travel Risk maps give further insights into our areas of specialist expertise.
Source: http://www.navexglobal.com/
Benchmark Your Programme Against the World’s Largest Ethics & Compliance Hotline and Incident Management Database and Enhance Your Programme Effectiveness.
This year’s analysis of our EMEA & APAC data from nearly 14,000 ethics and compliance hotline reports revealed key data points that compliance professionals can use to benchmark and assess their programme’s performance and move toward predictive risk mitigation.
CORRUPTION PERCEPTIONS INDEX 2016: VICIOUS CIRCLE OF CORRUPTION AND INEQUALITY MUST BE TACKLED
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Source: https://www.controlrisks.com
Control Risks an independent, global risk consultancy published a RiskMap 2017. The 2017 RiskMap is Control Risks’ forecast of the global risk landscape in 2017.
Source: http://www.ethicsa.org/
The South African Business Ethics Survey (SABES) 2016 is the fourth national business ethics survey that The Ethics Institute has conducted in the private sector in South Africa. We have interviewed 4 795 staff members of various listed and large South African companies to identify the state of ethics in corporate South Africa. The findings of the survey were both expected and surprising. For example, 11% more employees have personally observed misconduct in the previous year than in 2013, and the percentage employees who reported it decreased with 16%.
Source: http://www.kroll.com/global-fraud-report
The Annual Global Fraud Survey, commissioned by Kroll and carried out by the Economist Intelligence Unit, polled 768 senior executives worldwide from a broad range of industries and functions from January through March of 2015. The report reveals some key trends.
Source: http://www.pwc.com/us/en/forensic-services/video/front-lines-fraud-corru...
A new PwC video series captures the current state of fraud & corruption in a constantly changing threat landscape.
PwC’s The Front Line gives business leaders an exclusive look into the immediate and constantly changing business threat landscape. From whistle-blowing to shifting emerging market dynamics, to cutting edge prevention techniques, and other key topics, PwC’s investigative leaders help you and your organization stay tuned-in to the latest fraud and corruption trends, strategies and behaviors.