Digital fraud surges as AI reshapes financial crime in South Africa

November 5, 2025 By: Alfred0 comments

<p><img src=”https://biz-file.com/c/2511/793567.jpg” width=”240″ height=”135″ alt=”Digital fraud surges as AI reshapes financial crime in South Africa” align=”left”><p>According to the South African Banking Risk Information Centre (Sabric) Annual Crime Statistics 2024, total banking-crime losses declined from R3.3bn in 2023 to R2.72bn in 2024. However, digital-banking fraud cases almost doubled over the same period, from around 31,000 to 64,000, with digital-fraud losses climbing by more than 40% to over R1.4bn.</p><br> <a href=”https://www.bizcommunity.com/article/digital-fraud-surges-as-ai-reshapes-financial-crime-in-south-africa-407759a”>Read more…</a> | <a href=”https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=263025″>Email</a></p><div style=”clear:left”></div>