One of our key priorities is addressing fraud within the telecommunications sector. Reports indicate a worrying increase in telco-related fraud, particularly SIM swap scams and unauthorised digital access. In response, COMRiC is urging all industry players to invest in advanced fraud detection systems and consumer awareness programs.
A major step forward in combating cyber threats is the introduction of ExpleoNóra, an advanced AI-driven anti-smishing solution designed to protect consumers from SMS-based phishing attacks. This innovation highlights our industry’s dedication to securing digital transactions and personal data.
Additionally, South Africa’s telecoms giants—including Vodacom and MTN, valued COMRiC members—are ramping up investments in digital infrastructure and global partnerships to enhance connectivity and security. This latest innovation for the banking industry highlights cross sector dedication to securing digital transactions and personal data.