5 cybersecurity challenges SA’s financial institutions need to tackle now

Bizcommunity | 20.07.2026 19:01
The South African Banking Risk Information Centre recorded an 86% year-on-year rise in digital banking fraud to 97,975 cases, with losses up 74% to R1.888bn. And as AI-powered attack tools become more accessible, the gap between a vulnerability being discovered and exploited is collapsing. The controls regulation is building toward, may simply arrive more slowly than the threats already at the door.