Buguroo teams up with Puleng Technologies

Tuesday 18 August 2020 10:50 CET | News

Buguroo and Puleng Technologies have partnered aiming to reduce the impact of online bank fraud in South Africa. 

In 2018, the South African Banking Risk Information Centre (SABRIC) reported a 75% increase in fraudulent incidents targeting online and mobile bank account-holders, costing an estimated USD 15 million. 2020 has seen a further spike in criminal behaviour, as fraudsters focus on COVID-19-related phishing campaigns to steal user credentials, as well as distribute malware that will allow them to hijack online banking sessions, known as Account Takeover (ATO).

As part of the deal, Puleng Technologies will offer and support buguroo’s behavioural biometrics solution – bugFraud – to its banking clients in the region, helping them to identify and stop fraudsters attempting to access customer accounts.

More: Link

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Keywords: buguroo, partnership, Puleng Technologies, SA, banking, online, online fraud, fraud, online bank, banks, South Africa, South African Banking Risk Information Centre, SABRIC, fraud, mobile bank, COVID-19, coronavirus, pandemic, account takeover, ATO, biometrics, bugFraud
Categories: Fraud & Financial Crime
Countries: South Africa
This article is part of category

Fraud & Financial Crime

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