cybercrime

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The U.S. Securities and Exchange Commission (“SEC”) may not be the first agency that comes to mind with respect to cybersecurity, but the SEC has been in the headlines recently with respect to cyber fraud in particular. Earlier this month, the SEC promulgated a report urging companies to take preventive measures against cyber fraud.

Cyber criminals appear to have gained unauthorized access to ADP, Inc.’s self-service customer portal to file fraudulent tax returns for some ADP customer employees.

ADP has reportedly confirmed that a subset of its customers have been the victim of tax …

Each device which accesses the internet is allocated a unique number (Internet Protocol or IP address) by its internet service provider (ISP). A record is created each time this IP address accesses a webpage, including the date, time and URL (website address) accessed. These records are stored by the ISP.

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The proliferation of data gives rise to two challenges:

  • Companies need to manage the vast amounts of data they now control and turn it to useful purposes.
  • The availability of so much data has been an ideal environment for an explosion of various forms of cybercrime.

The South African Cybercrimes and Cybersecurity Bill expands on the original sections of the Electronic Communications and Transactions Act, 2002 (ECTA) with the creation of 20 new cybercrime offences.  This illustrates the extent to which technology is being used for unlawful purposes and the need to protect yourself in your activities online.  Comments on the Bill are due by Monday, 30 November 2015.