Digital fraud is on the rise in South Africa, with the number of incidents reported by the banking sector in the 2024 calendar nearly doubling year on year. The rate of successful incidents is just as endemic, growing by more than two-thirds over the same period. This is according to the South African Banking Risk…
Fraudsters are using AI to create scams that appear more legitimate and convincing. South Africa is witnessing an increase in artificial intelligence (AI)-based fraud schemes, and the threat is set to continue. This is according to the South African Banking Risk Information Centre (SABRIC), which today released its Annual Crime Statistics for 2024. The report…
President Donald Trump on Monday said he had fired Federal Reserve Board Governor Lisa Cook, an unprecedented and dramatic escalation of his attacks on the U.S. central bank’s independence over its refusal to cut interest rates. Trump, in a termination letter to Cook posted on Truth Social, cited allegations by Federal Housing Finance Agency Director Bill Pulte…
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…
An appeals court has thrown out a $500m (£372m) penalty that President Donald Trump was ordered to pay in a New York civil fraud trial last year. Judge Arthur Engoron had ordered Trump to pay the fee for massively inflating the value of the Trump Organization’s properties in order to secure favourable loans. In the…
U.S. President Donald Trump stands next to Azerbaijan President Ilham Aliyev (not pictured) at the White House in Washington, D.C., U.S., August 8, 2025. Jessica Koscielniak | Reuters A New York state appeals court on Thursday tossed out a massive monetary fine for civil business fraud imposed on President Donald Trump, his company, and other…
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…
As AI accelerates both innovation and risk, Gen Digital’s Q2 2025 Threat Report delivers a clear message: cybercriminals are using technology smarter – and more personally – than ever before. Their findings span AI-powered ransomware, pharmaceutical fraud, social media scams, and a surge in remote access attacks. Let’s unpack the most urgent threats facing consumers…
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…
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…
