Ascon Africa – Security & Investigations needs to inform our Clients on the difference between Cyber Fraud and Digital Fraud since if they distinguish the difference it would be easier for them to recognize which part is weak, how to detect weakness, how to address the weakness, prevent it and subsequently impose controls

Cyber Fraud – These are the Frauds that affect direct Computer Systems and their Infrastructures.

The Target is Computer Systems and their Infrastructure

Example – Computer System Sabotage, Computer Viruses, Computer Malware etc

Digital Fraud – These are the Fraud committed by utilizing Computer Systems and their Infrastructures.

Target are the Users of Technology (Computer System and their Infrastructure)

Example – Internet Banking Fraud, Mobile Fraud and Plastic Cards Fraud

After understanding of the difference then our Clients can easily pick which area, they need service – which include detection, prevention, controls, subsequently forensic investigations

Security is at high level of has professionals to work in the Credit Risk assignments