Articles about Fraud

Cyber forensics exposes massive visa fraud at home affairs

A Special Investigating Unit cyber probe reveals SA’s immigration system was treated as “a marketplace, where permits and visas were sold to the highest bidder”.

Holistic compliance in the spotlight at second annual Bateleur-IMTF Compliance Forum

Bateleur and IMTF will address key trends in financial crime and global best practice in compliance at the forum in Johannesburg next month.

Godongwana launches dashboard to curb tender corruption

The dashboard enables analysis of procurement expenditure and the suppliers that do business with the state, supporting efforts to fight corruption and fraud.

AI as a safeguard: Using machine learning to detect problem gambling and fraud

Money laundering can be combated by transaction monitoring, which uses algorithms to detect unusual withdrawal and depositing patterns.

SA banks shift from identity to intent to tackle evolving GenAI fraud

By combining behavioural analytics, cross-channel visibility, and industry collaboration, banks can stay ahead of constantly shifting AI-powered threats.

Syndicates bypassed database to loot R2bn at Tembisa Hospital

The Central Supplier Database was bypassed by syndicates, enabling R2 billion in fraud at Tembisa Hospital, says the Special Investigating Unit's interim report.

Crypto scams on the rise in SA

Scams and fraudulent misrepresentation remain among the most prevalent forms of fraud in digital currency.

Standard Bank sounds alarm over AI-generated scams

The big-four bank warns the public about fraudsters using AI-generated voices and e-mails to impersonate bank officials.

Deepfake threats: A cyber security dialogue among experts

Fraud, misinformation and privacy violations are causing significant financial losses and reputational damage.

Professional bodies join hands in fight against fraud, corruption in SA

SAIGA, the ICFP and the Institute of Internal Auditors South Africa are jointly hosting a free dialogue session on the topic of protecting whistleblowers.

Infographic: The true cost of fraud in SA

Forrester conducted a global online survey of 1 845 senior decision-makers at financial institutions and retail institutions.

Digital fraud surpasses physical fraud for first time

South African organisations incur an average cost of R3.64 for every rand lost to fraud, a new study finds.