ZA in Global Top 3 for Cyber-Crime

The cold-blooded execution last week of forensic auditor Lawrence Moepi in the car park of his office complex was a graphic illustration of the way in which crime and criminals do not just operate in a shady underworld, but can be found in more mainstream walks of life as well. Werksmans Attorneys this morning arranged a briefing on white collar crime with director Dave Loxton, who suggested that South Africa’s general levels of lawlessness have put us in the global top three for cyber-crime – after the Russians and Chinese. Having said that, he noted that corruption is not unique to ZA, and is a worldwide problem. In the last twelve months one in four has paid a bribe – in ZA it’s one in 2. He noted that in the last two years his white collar crime practice has shifted to focus on cyber-crime. Within the next 3 years, the fruits of cyber crime will outweigh the fruits of all other white collar crime. One large ZA corporation, which he was unwilling to name, has had its

server hacked for 4 years, and the cyber-spies intercepted all board packs and correspondence with CEO, while material was sold from the warehouse. It was a large international syndicate, with the local ZA player being paid in drugs. A few statistics: globally, 600 000 Facebook accounts are compromised per day, with 1.5 m victims per day of cyber crime. ZA loses about R1bn per year to cyber crime, and the global cost is $110 bn. Why is SA in the top 3? Loxton says it is because we are a very lawless society and international syndicates know that law enforcement is paper thin, due to a lack of resources. Many people fail to take basic security measures for their cell phones and tablets- they are more interested in the device’s features than its security. He concluded that cyber-crime is a national crisis, and in this area we have a serious skills crisis – with little police expertise to crack cyber-crime. The FBI is brilliant – the SA police service has very few

brilliant people. In ZA we need to recognise there is this national crisis and throw resources at the scourge of cyber-crime.

Comment: Things are bad, but at least we are not Malawi.

Tweets of the Day:

Politics & Law (@PoliticsL (https://twitter.com/PoliticsL) ): How many lawyers does it take to screw in a light bulb? How many can you afford?

Puns (@omgthatspunny (https://twitter.com/omgthatspunny) ): I used to hate maths but then I realised decimals have a point.

BabyBlade (@ZitaHarber (https://twitter.com/ZitaHarber) ): Ballerinas are always on their toes. Why don’t they just get taller ballerinas?

ZA Confidential is e-mailed to subscribers. For details on subscription rates, please contact zaconfidential


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: