Banking crime losses decline, but AI poses major threat

Banking crime losses decline, but AI poses major threat

The South African Banking Risk Information Centre (SABRIC) has released its Annual Crime Statistics for 2024, reflecting a significant decline in financial crime losses – but also warning of the growing threat posed by artificial intelligence (AI) in fraud...

Retail outpaces finance and healthcare in EMEA AI success

New research from Lenovo reveals that 96% of retail sector AI deployments in EMEA are meeting or exceeding expectations – outpacing other industries. While finance and healthcare are investing heavily, their results show mixed returns, highlighting sharp differences...

In SA, small businesses celebrate their successes

South African small businesses celebrate their milestones the most out of seven countries surveyed in a recent poll by Xero. South Africa topped the charts for recognising achievements with 92% reporting they currently celebrate, or plan to celebrate milestones well...

Fraudsters honing in on specific targets with AI

Fraudsters are increasingly targeting money itself – and AI is making it easier than ever for them, according to new research from Riskified. New financial platforms for cryptocurrency, remittances, and precious metals have made moving money faster and more...

FNB warns about new fraud

FNB has warned the public about a fraud that involves criminals selling FNB Business Accounts to individuals who reside outside the borders of South Africa, particularly in Zimbabwe and Mozambique. The fraud sees criminals falsely presenting themselves as FNB...