Articles about 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.

Beware of bad actors bearing flowers

Romance scamming has become a prevalent way to defraud lonely and vulnerable people, says LexisNexis Risk Solutions.

Standard Bank flags ‘fraudulent site’ Direct Access Finance

The website falsely associates its physical address with that of Standard Bank and links itself to one of the bank’s subsidiaries.

Report: Combating digital identity fraud in Africa

Trends, tactics and solutions needed to tackle fraud effectively.