Christo de Wit, country manager for SA, Luno. New data from Luno, SA’s crypto-currency platform, reveals that while crypto-related scams affect less than 1% of its 14 million customers, scams and fraudulent misrepresentation remain the most prevalent forms of fraud in digital currency. A recent case involving a South African man who lost R4 million…
Current scams look and sound more real than ever before, says Standard Bank. Standard Bank is warning the public about fraudsters that are using artificial intelligence (AI)-generated voices and e-mails to impersonate bank officials. The big-four bank has witnessed a rise in these types of spoofing scams in recent months. Spoofing is a deceptive tactic…
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…
Since 2023, Ottawa has opened its borders to citizens from French-speaking Africa, a move that has sparked a surge in well-organized scams targeting hopeful immigrants. Authorities warn that the number of victims is steadily increasing. By 2027, Canada plans to welcome nearly 80,000 new French-speaking residents from Africa, according to data from Immigration, Refugees and…
In South Africa, Sim swap fraud has become one of the most damaging threats for both individuals and businesses. Criminals hijack your mobile number by fraudulently transferring it to a new Sim card, letting them intercept calls, SMS-based one-time Pins, and even compromise banking or social media accounts. For businesses, the fallout can be catastrophic:…
The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally. Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in…
