If it weren’t for high-tech preventions, fraudsters in South Africa would have got away with an insane amount of money last year ...

In 2024, the bank prevented account application cyber fraud attempts worth over R7.5 billion, through its fraud risk ...

Speaking at the recent SAFPS International Fraud Summit, Thokozani Mvelase, CEO of the Communication Risk Information Centre (COMRiC), issued a stark warning to the business community about the ...

The South African Fraud Prevention Services (SAFPS) has managed to save its members, which include banks, more than R8 billion in fraud prevention through early detection. The SAFPS believes more ...

Cyber fraud-as-a-service empires on the rise By Sibahle Malinga, ITWeb senior news journalist.Johannesburg, 16 May 2025Financial crime is a billion-dollar industry. As cyber criminals increasingly use ...

Although SAFPS managed to save its members (companies from the financial services and retail sectors) more than R5-billion last year and a whopping R30-billion over the past decade, fraud is not ...

Law enforcement officials face an uphill battle in addressing this risk landscape,” says Roy Retief, Head of Operations of the Southern African Fraud Prevention Service (SAFPS). “It is essential to ...

Law enforcement officials face an uphill battle in addressing this risk landscape,” says Roy Retief, head of operations of the Southern African Fraud Prevention Service (SAFPS). “It is essential to ...