There is a growing demand for hybrid cyber security skills, according to digital tech professionals. Cyber security and digital technology specialists say there is a growing demand for hybrid cyber security talent – people who can connect cyber security to business strategy, communicate risk clearly and guide decision-making – in addition to a general shortage…
i2c Inc., a global financial technology innovator, today announced it has won the “Best AI-Powered Fraud Detection Solution by a Vendor” award at The Digital Banker Middle East & Africa Innovation Awards 2026. The award recognizes i2c’s innovative use of artificial intelligence to help financial institutions and fintechs strengthen fraud prevention, improve authorization performance, and…
South Africa is one of the few markets with the highest rate of suspected digital fraud attempts. (Image source: 123RF) South Africa had the highest rate of suspected digital fraud among African countries analysed, with 3% of transactions involving consumers in South Africa being suspected of digital fraud during 2025 – slightly below the global…
As AI systems grow more capable, criminals are using them to deliver increasingly sophisticated scams. Yet even as attacks on systems grow in scope and frequency, the exploitation of human trust through social engineering remains the most common entry point to full system infiltration. “The most common attacks we see are social engineering attempts leveraging…
Discovery Bank has deployed its AI assistant across payments and servicing, to improve on-boarding and query resolution. Discovery Bank has expanded its artificial intelligence (AI) capabilities across security, payments and customer service, while introducing new services across its digital banking platform. According to the digital bank, the updates form part of its next phase of…
Nairobi — Cybercrime networks are scaling rapidly across Africa, reusing infrastructure, digital platforms and cross-border tactics to outpace fragmented enforcement systems. Increasingly, these groups operate like coordinated enterprises, exploiting gaps between jurisdictions to expand fraud operations far beyond national borders. A recent crackdown under Operation Red Card 2.0 shows how that trend is being challenged….
Weak SIM registration processes continue to enable fraud. (Graphic: Nicola Mawson, with images from ITWeb, Pexels and Freepik) Amid growing calls for biometric registration of SIM cards, global bodies warn that such a move could exclude vulnerable citizens and create underground markets for fraudulently registered SIM cards. Mobile industry veteran Johan van Graan is calling…
Harold van Graan, chief revenue officer, Solid8 Technologies. Let’s kick off with an obvious question, namely: what is online fraud? Fraud is variously defined as a deception or misrepresentation; a perversion of truth to convince someone to part with something of value or surrender a legal right. Online fraud encompasses both financial fraud and identity…
Prembly, a Nigeria-based digital security and identity verification company, launched FraudLens, an open-source fraud intelligence platform designed to help financial institutions and digital businesses detect and prevent fraud. The platform aggregates fraud data from identity verification checks and reported incidents across businesses that use Prembly’s technology. FraudLens begins with data from Nigeria and aims to…
Orca Fraud has raised $2.35 million in seed funding to expand its real-time fraud monitoring platform across Africa and other emerging markets. The round was led by Norrsken22 with participation from OneDayYes, Enza Capital and CV VC Africa. Founded by Thalia Pillay and Carla Wilby, the company provides software that monitors financial transactions in real…
