Africa has recorded the world’s highest iGaming fraud rate, according to Sumsub’s 2026 iGaming Fraud Report. The study reveals that AI-powered identity fraud, stolen credentials and suspicious transactions are rising rapidly across the continent, with operators facing growing pressure to strengthen KYC, AML and fraud prevention systems as Africa’s online gaming market expands.
Tag: AI fraud Africa
Five ways AI is creating everyday risks for African businesses
Artificial intelligence is rapidly changing the cyber risk landscape for African businesses. Emmanuel Tzingakis, Technical Lead at Trend Micro, highlights five key AI-driven threats: hyper-personalised phishing, deepfakes, data governance gaps, malicious code in open-source repositories, and AI hallucinations. These risks demand urgent attention as attackers increasingly exploit AI tools for fraud, social engineering, and data breaches. The article explores how businesses can strengthen cybersecurity through better visibility, improved data governance, and proactive AI monitoring to stay ahead in this evolving digital battlefield.