SABRIC

South Africa  ·  9 min read

South Africa's Digital Fraud Storm Requires an AI Response

Overall financial crime losses in South Africa fell 18% in 2024. Digital banking fraud rose 86% in the same year. The divergence is not a contradiction — it is the shape of the threat transition. Traditional fraud vectors are being controlled. AI-enabled fraud is accelerating. The detection systems built for the former cannot defend against the latter.