MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / Banking fraud storm to hit South Africa | SA News

Banking fraud storm to hit South Africa | SA News


The South African Banking Risk Information Centre (Sabric) has released its Annual Crime Statistics for 2024, raising concerns over the growing threat posed by artificial intelligence (AI) powered fraud.

The warning comes despite the country’s recorded financial crime losses declining from R3.3 billion in 2023 to R2.7 billion in 2024.

“Despite this progress, criminals have adapted to changing conditions. Increasingly, fraudsters are exploiting AI tools to carry out scams,” says Sabric.

“Sabric recognises that as…

South African National Editors’ Forum (SANEF): An organization that advocates for
press freedom and the rights of journalists.

Read More at the Source

Category: Tag: , ,

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:

Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Thoughts on Lotto Winner News

    Dear Editor This is fantastic news for the community of Gqeberha. It is always heartwarming to hear about such life-changing positive outcomes for everyday people. Congratulations to the lucky winner! Regards Buhle Ngcobo In Response to/From: R8.5 Million Lotto Winner Claims Prize in Gqeberha

  • Inquiry Regarding SASSA Card Replacement

    Dear Editor I am a social grant recipient and need guidance on swapping my SASSA Gold Card for the Postbank Black Card. Please assist. Regards Buhle Ngcobo In Response to/From: Minister Tolashe assures smooth transition to Postbank Black Cards for grant beneficiaries Swapping your SASSA Gold Card for the new Postbank Black Card is a…

  • Congratulations to the Lotto Winner

    Dear Editor Dear Editor, I was thrilled to hear about the R8.5 million Lotto win for the community of Gqeberha. Such life-changing news brings hope and excitement to everyone in the area. I congratulate the winner and wish them all the best with their prize. May this bring positive change to their life and the…

Reader Interactions

Comments