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Experts are warning of a spike in fraud targeting retirement funds with the Two Pot system arriving on 1st September

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Manage episode 435869190 series 2825639
Indhold leveret af SAfm. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af SAfm eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Experts are warning of a spike in fraud targeting retirement funds with the Two Pot system arriving on 1st September. The system will enable withdrawals of up to a third of your retirement contributions once a year from R2,000 up to the full balance of your savings pot. But without advanced biometrics, the security of such withdrawls can be compromised. Experts say Signatures on forms can be faked, OTPs intercepted, and legacy biometrics can be spoofed with today's sophisticated AI tools.

  continue reading

2131 episoder

Artwork
iconDel
 
Manage episode 435869190 series 2825639
Indhold leveret af SAfm. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af SAfm eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Experts are warning of a spike in fraud targeting retirement funds with the Two Pot system arriving on 1st September. The system will enable withdrawals of up to a third of your retirement contributions once a year from R2,000 up to the full balance of your savings pot. But without advanced biometrics, the security of such withdrawls can be compromised. Experts say Signatures on forms can be faked, OTPs intercepted, and legacy biometrics can be spoofed with today's sophisticated AI tools.

  continue reading

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