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AI and scams are driving up insurance risk

Recently a LinkedIn post went viral in which a woman faked her own car accident. She used AI to generate images of her “smashed” car, bruises on her face from her “injuries”, as well as a believable car crash scene and an authentic-looking receipt. The point of the...

Failure to spot financial crime red flags costs businesses billions

Despite efforts to improve compliance, South African businesses remain highly vulnerable to financial crime - with an estimated R182-billion lost annually to money laundering and related illicit activity. This is according to Global Financial Integrity, a US-based...

Empowered people are the real cyber superpower

It's time to retire the tired narrative that employees are the “weakest link” in cybersecurity. They're not. They're simply the most frequently targeted. And that makes sense – if you’re a cybercriminal, why brute-force your way into secure systems when you can just...

E-commerce is changing the traditional insurance distribution model

In today's evolving digital economy, a quiet revolution is transforming how consumers access insurance protection and how service providers are enhancing customer experience and revenue streams. By Carl Moodley, CIO of Genric Insurance Company Embedded insurance - the...

What is data encryption?

Keeping information from unauthorised eyes is a practice as old as recording information. Regents would add their seal into wax to stop snoops from reading orders. Warring nations spend great expense and effort to break the codes of their opponents. And in the modern...

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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...

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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...

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