Bits

Finweek English Edition - - TECHNOLOGY -

Com­mu­ni­ca­tions Au­thor­ity of South Africa (ICASA) sent Vo­da­com and

shares tum­bling last week while Telkom climbed 5% on the news. The pro­posed reg­u­la­tion would in­tro­duce a new regime for in­ter-net­work call rates that strongly favours cel­lu­lar un­der­dogs Telkom and Cell C, while dis­ad­van­tag- ing mar­ket lead­ers MTN and Vo­da­com. ICASA said this is okay, since the game is all about data now any­way. The mar­ket had a dif­fer­ent opin­ion. Kasper­sky Lab found that 41% of vic­tims of online fraud do not get their money back. Banks, for ex­am­ple, try to help peo­ple re­cover funds in a case of fraud, but make no guar­an­tees. The re­port said, “Banks and online stores re­turn money to their cus­tomers more of­ten than, for ex­am­ple, e-pay sys­tems: in gen­eral only 12% of online cus­tomers re­ceived full com­pen­sa­tion for losses in­curred from ma­li­cious at­tacks, but for bank­ing cus­tomers the fig­ure climbs to 15%.”

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