GenAI and its impact on payment fraud

GenAI and its impact on payment fraud

The accessibility of generative AI tools has lowered the barriers for would-be criminals, while the transition to hybrid work models and geographically dispersed teams has expanded the attack surfaces they can exploit. In this context, the overlap of AI technology and...

Cybercriminals will prey on unwary consumers this festive season

While South African consumers are generally alert to common cyber scams such as fake e-commerce sites, there are many other ways cybercriminals could compromise consumers’ digital security and financial well-being. This is the warning from committee members of...

GenAI and its impact on payment fraud

The accessibility of generative AI tools has lowered the barriers for would-be criminals, while the transition to hybrid work models and geographically dispersed teams has expanded the attack surfaces they can exploit. In this context, the overlap of AI technology and...

The power of proactive fraud detection

Fraudulent activities, prevalent in both the private and public sector, pose significant challenges to organisations and their stakeholders. There has been a noticeable shift in employing different methods and tools (such as cutting-edge AI and data analytics) which...

Future proof against AI security threats

What a difference a year makes: before 2023, artificial intelligence (AI) was primarily a subject for movies, business analytics, or sophisticated background applications. But since late last year and throughout 2023, we’ve witnessed an explosion in AI...

Ransomware and the obligation to stop fraud

Cyber security has taken centre stage in South African commerce, and it’s no surprise, given the prevalence of ransomware attacks on businesses in Africa, write Karl Blom, partner, and Laone Setshedi, candidate attorney from Webber Wentzel. South African law...