Cyber security vigilance urged as Nam records millions in fraud losses – New Era

Cyber security vigilance urged as Nam records millions in fraud losses  New Era

Elizabeth Likoro Namibians has been urged to strengthen their cyber security habits as fraudsters increasingly target individuals and businesses through di Namibians has been urged to strengthen their cyber security habits as fraudsters increasingly target individuals and businesses through digital platforms. In a press statement, Letshego Holdings highlighted N$73.9 million in fraud losses in 2025, of which N$52.9 million was linked to electronic funds transfer fraud. Rushabdha Nepolo, acting head of Information Technology at Letshego Holdings Namibia, said cyber security should not be viewed purely as a technical issue but as a shared responsibility involving people, technology and processes. “Cyber security rests on two things working together, people and technology, supported by the right processes.

Technology provides the tools to prevent, detect, and respond to threats, but neither can succeed without people staying alert and making sound decisions online, together, these elements form a stronger defence,” Nepolo said. Cybercrime can affect people regardless of age, occupation or technical knowledge. A farmer could be targeted by altered supplier payment details, while a small business owner could have a WhatsApp business account hijacked and used to defraud customers. Nepolo advised people to treat all digital links with caution, use strong and unique passwords, consider management tools and keep their devices and security software updated. “Use strong passwords, safeguard passwords with password management