Source: CMS Law Now

Artificial intelligence is revolutionizing fraud prevention in South Africa by offering sophisticated tools to detect and prevent fraudulent activities in real-time. AI-powered systems are particularly effective in identifying patterns of suspicious behavior and flagging potential fraud before it can escalate.

The article discusses how businesses in South Africa are adopting AI technologies to enhance security and reduce financial losses due to fraud. However, ethical and legal considerations arise, including concerns about data privacy, algorithmic bias, and the need for human oversight in the decision-making process.