Artificial intelligence deepfakes have become a major financial crime threat. (Image source: iStock) The Financial Sector Conduct Authority (FSCA) is stepping up enforcement against artificial intelligence (AI)-powered financial scams, as deepfakes become one of SA’s fastest-growing regulatory challenges. The regulator’s newly-released Regulatory Actions Report for the 2025/26 financial year identifies online financial harm as one…
‘Comedyhacker’ Tobias Schroedel used AI to clone MC Clement Manyathela during his Security Summit keynote. Creating deepfakes and accessing stolen data on the dark net is surprisingly easy, delegates learned at the ITWeb Security Summit, when keynote speaker Tobias Schroedel took them on a guided tour through the dark net. The IT security expert known…
Generative AI threats are on the rise. As generative AI threats escalate, businesses struggle to stay ahead Fraudsters are leveraging generative AI to forge identities at scale – using deepfake images, video, audio and falsified documents to bypass traditional security protocols. These sophisticated schemes can strike at every stage: from account opening to high-value transactions…
