AI-Powered Fraud Surges in Africa, Driving Growth in ID Security  

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Generative AI contributed to over a third of biometric fraud cases in Africa in 2024, with deepfake-related identity theft increasing sevenfold. The rise of digital banking and e-commerce has heightened fraud risks, particularly in regions lacking strong cybersecurity frameworks. Companies like Smile ID and YouVerify are capitalizing on this challenge, attracting venture capital to develop… Read More »AI-Powered Fraud Surges in Africa, Driving Growth in ID Security

  

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