This document outlines a fictional scenario presenting a new business venture called Moola for Mahala Enterprises that specializes in hi-tech fraud. The CEO, Jacky Sparrow, introduces the leadership team and discusses expanding into new areas like international revenue share fraud, Wangiri fraud, and establishing a wireless application service provider in another country to enable these fraudulent activities. Financial projections show large potential profits from return calls generated through unauthorized premium rate phone numbers. The presentation concludes by discussing challenges of preventing sophisticated cybercrime through legislation, knowledge sharing, and international cooperation.

1. Expanding your Horizons: How
traditional crime can turn hi-tech
ACFE African Conference
Sandton Convention Center
16 October 2018
Adv Jacqueline Fick
Executive Head: Forensic Services, Cell C Limited

2. Practice, teach, prevent, detect and deterrent fraud in SA
Contents
1. Note from the CEO
2. Meet theTeam
3. Evolving our Business: IRSF and Wangiri Fraud
4. The numbers speak for themselves – our business case
5. Catch me if you can…

3. Practice, teach, prevent, detect and deterrent fraud in SA
Disclaimer
Please note that the content of this presentation is based on a fictional
scenario, taking traditional cyber crimes, crimes such as money
laundering and GSM specific crimes into consideration! The views
expressed herein are that of the presenter.

4. Practice, teach, prevent, detect and deterrent fraud in SA
Note from the CEO
My name is Jacky Sparrow. I am the Cyber Expert Officer (CEO) of Moola for
Mahala, a South African based company with international concerns. My highly
skilled team and I specialise in a number of traditional cyber initiatives such as
cyber security, vulnerability discovery, penetration testing and social engineering
techniques.
I started in the cyber world as an analyst in law enforcement when most
advanced threats manifested as physical instead of virtual. It became clear to me
that this field requires constant, ongoing learning, or your knowledge and
expertise will quickly expire. With a background in law enforcement, intelligence
and prosecutions I moved onto consulting and then onto telecommunications.
On a personal level I am a strong supporter of the “Sisterhood of Shawarma”
with its origins in the Republic of Falafel.
But I realised that my particular skills and knowledge were better applied within
my own business enterprise and I now manage a multi-billion Rand international
business. But as with the rapid growth in the cyber market, comes the need for
new business ventures. Such as I shall share with you today…

5. Practice, teach, prevent, detect and deterrent fraud in SA
Meet the Team: Moola for Mahala Enterprises
CEO
Jacky Sparrow
Head of Strategy
Devillin deTail
CFO
Sakkie
Moeggesukkel
Head of
Procurement
Logger Galore
COO
Spanner McBatt
CIO
Phish du Pond

6. Practice, teach, prevent, detect and deterrent fraud in SA
Evolving our Business: Current Market Share
➢ Phishing in its various forms
➢ IdentityTheft
➢ Banking Fraud
➢ Subscription Fraud
➢ Ransomware
➢ Supplying of hardware/software
➢ Skills for Hire

7. Practice, teach, prevent, detect and deterrent fraud in SA
Evolving our Business: New Horizons
➢ Telcos - a world of untapped cyber opportunities
➢ International Revenue Share Fraud (IRSF)
➢ Wangiri Fraud
➢ Moving from phishing to the flies: Wireless
Application Service Provider (WASP)
➢ Money on the run…

8. Practice, teach, prevent, detect and deterrent fraud in SA
Evolving our Business: IRSF and Wangiri Fraud

9. Practice, teach, prevent, detect and deterrent fraud in SA
Evolving our Business: New Horizons
Approach
current
vendors
with new
proposition
Secure
necessary
skills and
resources
Setting up
WASP in
Republic of
Falafel
with bank
account for
Sisterhood
of
Shawarma
Establi-
shing
legitimate
business
for WASP
followed
by request
for
premium-
rated
numbers
Obtaining
SIM cards
– prepaid
and
postpaid
and
necessary
hardware
and
software
Check
number
ranges for
target
networks
– Wangiri
fraud
Test
Execute
plan and
exit
strategy

10. Practice, teach, prevent, detect and deterrent fraud in SA
The numbers speak for themselves – our business case
Revenue Stream
Projection for 100
Customers: 24 hours
Projection for 100
Customers: 48 hours
100 000 return
calls
@R100/min
1 000 000 return
calls
@R100/min
Prince of Darkness INC: Postpaid
market R129 600 000,00 R259 200 000,00
SIMS withVouchers: Prepaid R129 600 000,00 R259 200 000,00
Phish and Co (Wangiri) R20 000 000,00 R200 000 000,00
Total Projected Revenue R259 200 000,00 R518 400 000,00 R20 000 000,00 R200 000 000,00
Capex and Opex
Equipment R200 000,00 R200 000,00 R50 000,00 R50 000,00
School Fees R500 000,00 R500 000,00 R10 000,00 R10 000,00
Specialised skills R25 920 000,00 R51 840 000,00 R2 000 000,00 R20 000 000,00
Sub-total R26 620 000,00 R52 540 000,00 R2 060 000,00 R20 060 000,00
Projected Net Revenue R232 580 000,00 R465 860 000,00 R17 940 000,00 R179 940 000,00

11. Practice, teach, prevent, detect and deterrent fraud in SA
The numbers speak for themselves – our business case

12. Practice, teach, prevent, detect and deterrent fraud in SA
Catch me if you can…
➢ Prevention is better than prosecution
➢ Current legislation
➢ The Cybercrimes and Cybersecurity Bill
➢ Industry knowledge sharing and
cooperation
➢ Public and private partnerships
➢ Training and awareness
➢ International cooperation is key in a borderless crime

13. Practice, teach, prevent, detect and deterrent fraud in SA
Thank you!
Questions?