The Rise of Cybercrime

2.18.2023
BackNews

Cybercrime has grown in prominence in South Africa and around the world. Individuals, corporations, and governments are increasingly vulnerable to cyber threats such as hacking, identity theft, and fraud as technology and the internet become more widely used. Everyone needs to be careful to secure their online assets due to the growing impudence of cybercriminals and the simplicity with which they can conduct their attacks.

South Africa has passed two major pieces of legislation to counter this growing threat: the Protection of Personal Information Act (POPI) and the South African Cybercrime Act. These laws are crucial in assisting in the prevention, detection, and prosecution of cybercrime, as well as in safeguarding individuals, organisations, and governments from the effects of cyber-attacks.

The Protection of Personal Information Act (POPI) is intended to govern organisations' collection, storage, and use of personal information. This act mandates enterprises to establish suitable security measures, such as encryption and firewalls, to secure personal information and to ensure that it is not misused or released without the individual's consent. Individuals have the right under POPI to know what personal information is being collected, as well as the right to have that information deleted if they so desire.

In contrast, the South African Cybercrime Act criminalises several types of cybercrime, including hacking, identity theft, and fraud. The act gives police and other law enforcement organisations the authority and resources to bring cybercriminals to justice. The act also specifies the penalties for cybercrime, which may include jail time and fines, as well as the recovery of losses and compensation for victims. Cybercrime is a growing danger in South Africa, as it is worldwide, and one can fall victim in a number of ways, including:

·      Phishing scams: This is when criminals send emails or messages where they appear to be legitimate businesses in order to deceive victims into handing over personal information such as login credentials, credit card numbers, or bank details.

·      Malware: This is when hazardous software is installed on a computer or mobile device to steal personal data, encrypt data, or perform other harmful actions.

·      Business email compromise: (BEC) is when a scammer uses email to mislead someone into payment of money or disclosing sensitive company information. The perpetrator poses as a trusted figure, then requests payment for a fictitious bill or sensitive data to be used in another act of fraud. Due to growing remote work, BEC scams are on the rise.

In a shocking (to law firms and individuals alike) a major law practice (ENS) in South Africa has been held accountable for R5.5 million that was deposited into a fraudster’s account (Hawarden v. ENS), intended for the firm’s trust account. In a ruling against the law firm, the judge inferred that the firm's banking information was financially important and ought to be treated as such, that the risk of BEC was anticipated by ENS, and that transmitting bank details by email is inherently dangerous.

Source: https://www.groundup.org.za/article/largest-law-firm-in-africa-ordered-to-pay-victim-cyber-crime/#:~:text=Hawarden%20sued%20ENS%20for%20the,way%20it%20handled%20the%20case.

The rise of cybercrime poses a huge risk to South Africans, businesses, and governments worldwide. The POPI and the South African Cybercrime Act are important in assisting in the prevention, detection, and prosecution of cybercrime, as well as in safeguarding individuals, organisations, and governments from the disastrous effects of cyber-attacks. Everyone has a responsibility to ensure their online information and assets are secure, as well as to collaborate to prevent cybercrime and promote cyber security measures which adapt to counter each new threat.

#cybercrime #fraud #scams #liability #cybercriminals #thomsonwilksattorneys #thomsonwilksinc

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