Africa business report facebook fraud

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Africa business report facebook fraud

Staff Writer 24 April 10 shares Once believed to be the domain of government, high level economic crime has become more common in the corporate arena with exposure of the wrongdoing of many reputable companies such as Bell Pottinger, McKinsey, KPMG, and more recently Steinhoff.

africa business report facebook fraud

This level of economic crime has reached staggering heights and trust among the average citizens of the country has been eroded. Reputational risk associated with fraud and economic crimes, the survey said, has led to an increase in demand for accountability in both public and private sectors in addition to the normal compliance issues.

The report claimed business misconduct and consumer fraud have also increased within the past two years. The report says fraud committed by consumers ranks as the second most reported crime in South Africa and that the CEO and board are increasingly being held accountable for economic crime.

SAFPS is a not-for-profit organisation that facilitates a database for member organisations to list confirmed fraud information.

The organisation also assists consumers who are victims of identity fraud or offer additional protection for consumers whose identity was compromised. The age group across gender is the to year-olds who mostly register for the service.

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The second highest category of fraud is in Employment Application Fraud. The sector most affected by fraud is banking with micro finance, furniture retail, clothing retail, asset finance and telecoms also affected, said Van Schalkwyk.

This savings are directly attributed to using the SAFPS database, and members on average save R for every R1 spent with the group, it said.A new report from an American think tank claims government food assistance dollars have been used to fund terrorism, in addition to garden-variety domestic fraud.

The scams are said to have been in place for over two decades. As we have seen in the United States in vibrant real time over the last several years, the media have become a battleground for the powerful to fight it out with the goal of altering public.

File a complaint directly with a state or federal agency charged with regulating that type of business. For example, if you believe you were scammed by a house painter or masonry company, you would report it to the Arizona Registrar of Contractors.

West Africa Takes Lead in Fighting Scams First regional event on combating cybercrime held in Nigeria.

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The first West Africa Cyber Crime Summit was convened on 30 November - 2 December in Nigeria's capital Abuja. The report says fraud committed by consumers ranks as the second most reported crime in South Africa and that the CEO and board are increasingly being held accountable for economic crime.

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