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PROJECT: ONLINE TRANSACTION VERIFICATION ALWAYS ERR ON THE SIDE OF CAUTION

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Specialised Security Services recently assisted a client in saving what would have been a R398,000.00 loss, and this was possible because the client made use of our pre-transaction verification service.


A prevention is better than cure mindset is one that we highly recommend the public to adopt - as a precautionary measure, especially regarding online transactions and any new business-related transactions.


How Cybercrime has escalated in recent years has led to millions of Rand being lost to scams, especially when it comes to scammers that operate online using social media advertising as well as "fake tender scam" that has been responsible for significant losses in the small to medium-sized business sector.

 

THE FOLLOWING EXAMPLE EXPLAINS HOW OUR CLIENT NEARLY BECAME A VICTIM HIMSELF WHEN HE PLANNED TO ENTER WHAT SEEMED TO BE A LEGITIMATE BUSINESS TRANSACTION:


  • Our client was contacted by a mining company who requested a quotation on a specific product.

  • A week before receiving the request from the mining company, our client received an email from another company that advertised that specific product for a very reasonable price.

  • A few days later, our client received a follow-up phone call from the company that sent the email.

  • The call was simply to confirm whether the email had been received and whether our client was interested in any of the products.

  • Two days after the phone call, our client received a request from a mining company.

  • He contacted his suppliers, and the quotations he received would not allow a fair markup on the product for resale.

  • At that point, our client remembered the company that emailed him a price list just days before.

  • He contacted the company and requested a quotation from them for the full order that the mining company placed with him.

  • The quotation that our client received from the company allowed him to resell the product to the mining company and he would stand to make a substantial profit.

  • Our client quoted the mining company, and they immediately accepted his quotation, stating that it was the best quote that they have received by far.

  • A purchase order was generated and sent to our client.

  • At that stage, he needed to secure the products from the supply company and deliver them to the mining company.

  • Our client did some basic research of his own on the companies involved and it all seemed above board.

  • They had websites in place, contact information, and social media pages and they even had mostly positive reviews.

  • A feeling of uncertainty convinced our client to contact us and request a quick verification investigation before he paid the supply company.

 

SSS conducted a very quick cyber verification investigation and found that neither the mining company nor the supply company were legitimate. Both companies existed, but cybercriminals put measures in place to generate fake websites, emails and contact numbers.


During this investigation, we were able to warn both companies about the fact that their identitieswere being used to scam smaller companies, we saved our client a loss of R398,000.00 and we prevented a crime from happening.

The preventative verification investigation ended up saving our client a substantial amount of money and valuable time, resources, and expenses.


 

WHY VERIFICATION INVESTIGATIONS ARE BETTER?

  • You save yourself from losing money and/or items.

  • You prevent a crime from happening.

  • You prevent further costs that might be incurred during investigations and legal proceedings.

  • You save time and you protect your reputation.

  • You have the opportunity to warn others about the situation.

  • You prevent the frustration and mental stress that becoming a victim of crime entails.


 

WHEN SHOULD A VERIFICATION INVESTIGATION BE REQUESTED?

  • Whenever you deal with a new company or individual, you have never met.

  • Whenever you purchase or sell something of value online.

  • Whenever you plan to make a potentially life-changing decision.

  • Whenever you feel uneasy about a transaction, a person, or an entity that you are dealing with.


 

Preventing a problem from occurring causes a lot less stress than having to react to a problem that has already occurred.



Specialised Security Services offers verification investigations to the public with the intention of identifying crime, fighting crime, and preventing crime.


 
Specialised Security Services invites the public to the Mike Bolhuis Daily Projects WhatsApp Group. This group is important in delivering insights into the latest crime trends, awareness, warnings and the exposure of criminals.

HOW TO JOIN THE MIKE BOLHUIS DAILY PROJECTS WHATSAPP GROUP:

• Follow the link to our WhatsApp group:

• "JOIN" to ensure you never miss our daily updates.

• You will receive automatic notifications as soon as a new project is posted.

 
CONTACT MR MIKE BOLHUIS FOR SAFETY AND SECURITY MEASURES, PROTECTION, OR AN INVESTIGATION IF NEEDED.

ALL INFORMATION RECEIVED WILL BE TREATED IN THE STRICTEST CONFIDENTIALITY AND EVERY IDENTITY WILL BE PROTECTED.
 

Regards,

Mike Bolhuis

Specialist Investigators into

Serious Violent, Serious Economic Crimes & Serious Cybercrimes

PSIRA Reg. 1590364/421949

Mobile: +27 82 447 6116

Fax: 086 585 4924

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EXTREMELY IMPORTANT: All potential clients need to be aware that owing to the nature of our work as specialist investigators there are people who have been caught on the wrong side of the law - who are trying to discredit me - Mike Bolhuis and my organisation Specialised Security Services - to get themselves off the hook. This retaliation happens on social media and creates doubt about our integrity and ability. Doubt created on social media platforms is both unwarranted and untrue. We strongly recommend that you make up your minds concerning me and our organisation only after considering all the factual information - to the exclusion of hearsay and assumptions. Furthermore, you are welcome to address your concerns directly with me should you still be unsatisfied with your conclusions. While the internet provides a lot of valuable information, it is also a platform that distributes a lot of false information. The distribution of false information, fake news, slander and hate speech constitutes a crime that can be prosecuted by law. Your own research discretion and discernment are imperative when choosing what and what not to believe.


STANDARD RULES APPLY: Upon appointment, we require a formal mandate with detailed instructions. Please take note that should you not make use of our services – you may not under any circumstance use my name or the name of my organisation as a means to achieve whatever end.


POPI ACT 4 of 2013 South Africa: Mike Bolhuis' "Specialised Security Services" falls under Section 6 of the act. Read more here:

 
SSS TASK TEAM:
 
 

Copyright © 2023 Mike Bolhuis Specialised Security Services, All rights reserved.


Our mailing address is:

Mike Bolhuis Specialised Security Services

PO Box 15075 Lynn East

Pretoria, Gauteng 0039

South Africa

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THIS PUBLIC DOCUMENT WAS INTENDED TO BE SHARED, PLEASE DO SO.

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