South Africa is under threat by AI-driven scams where, fraudsters impersonate bank officials, create fake applications and manipulate social media to steal money.Now this rise in scammers using sophisticated artificial intelligence is duping many into losing millions of rands and The South African Banking Risk Information Centre warns all banking customers that the consequences of falling for such scams can be devastating.

Let’s get more information now from SABRIC’s CEO Mr Nischal Mewalall.