The Cape Town start-up has filed US patent applications for technology aimed at AI voice-clone scams.
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The bank is holding money in detected mule accounts without visibly blocking them, leaving syndicates empty-handed.
Flashpoint and Interpol data shows automation collapsing attack costs, while South African fraud shifts to persuasion.
Bank robberies fell to just two incidents in 2025 while digital banking claims climbed to R2.4-billion.
South Africans are increasingly being targeted by AI-generated fraudsters who sound just like bank employees.
Unlawful operators dominate South Africa’s online betting market, prompting calls for DNS and payment blocking.
The CSIR has developed an online platform for banks and telecoms operators to report cybercrimes directly to the police.
The Democratic Alliance is intensifying efforts to create a Cyber Commission, introducing a private members bill in parliament.
Powerful digital tools and decreased physical risk have led to a decrease in robberies, while hacking surges.
AI is driving a spike in the number attacks and their success rate, but human fallibility remains the biggest loophole.