African Authorities Dismantle Massive Cybercrime and Fraud Networks, Recover Millions

African Authorities Dismantle Massive Cybercrime and Fraud Networks, Recover Millions

Lyon, France — In a sweeping INTERPOL-coordinated operation, authorities across Africa have arrested 1,209 cybercriminals targeting nearly 88,000 victims. The crackdown recovered USD 97.4 million and dismantled 11,432 malicious infrastructures, underscoring the global reach of cybercrime and the urgent need for cross-border cooperation. Operation Serengeti 2.0 (June to August 2025) brought together investigators from 18…

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Standard Bank raises alarm over AI-driven fraud

Standard Bank raises alarm over AI-driven fraud

Standard Bank has warned its clients of a rise of “spoofing” scams in recent months, where fraudsters use AI-generated voices and e-mails to impersonate bank officials. “These scams are increasingly difficult for customers to identify, as calls and e-mails appear to come from their banks’ legitimate contact details,” the bank said in a statement on…

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Biometrics take centre stage in fight against Sim-swap fraud

Biometrics take centre stage in fight against Sim-swap fraud

Stricter and more widespread use of biometric authentication by mobile operators could help reduce the growing Sim-swap fraud menace in South Africa, according to the Communications Risk Information Centre (Comric). Comric is a shared intelligence hub set up by the big operators, including Vodacom, MTN, Cell C and Liquid Intelligent Technologies, as a joint effort…

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MTN beefs up security to fight ID fraud

MTN beefs up security to fight ID fraud

MTN South Africa is beefing up security at customer touchpoints in an effort to fight fraud and make its services more efficient. The telecommunications operator, which is owned by JSE-listed MTN Group, said on Wednesday that it will deploy a digital ID system with real-time biometrics across all its stores nationwide. The roll-out follows a…

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Powering secure growth: How crypto.com stays ahead of fraud with LexisNexis ThreatMetrix

Powering secure growth: How crypto.com stays ahead of fraud with LexisNexis ThreatMetrix

We are one of the leading cryptocurrency exchanges. Discover how crypto.com, one of the world’s fastest-growing crypto-currency platforms, collaborates with LexisNexis Risk Solutions to stay ahead of evolving fraud threats.  Deyan Tsvetkov, SVP of Risk Management at crypto.com, shares how LexisNexis ThreatMetrix supports crypto.com’s global expansion by boosting fraud detection by 26%, enabling seamless onboarding and ensuring…

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Sim-swap fraud costing South Africa R5.3-billion a year

Sim-swap fraud costing South Africa R5.3-billion a year

Fraud in the telecommunications sector is costing the South African economy an estimated R5.3-billion/year – and Sim swap-related attacks are a significant contributor, accounting for 60% of all mobile banking breaches. This is according the Communication Risk Information Centre’s (Comric’s) 2025 sector report, released on Tuesday. Comric is an industry body funded by MTN, Vodacom,…

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