Cell C, MTN and Telkom back GSMA’s antifraud system

Mobile operators Cell C, MTN and Telkom have backed a new antifraud system by global telecom body GSMA, aimed at protecting SA’s 47-million cellphone users better. 

Reported incidents of digital banking fraud surged 24% in 2022, according to a report published by the SA Banking Risk Information Centre (Sabric). Cybercriminals made off with more than R740m, primarily through fraud related to banking applications and online banking…

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