{"id":1938,"date":"2026-02-19T08:16:57","date_gmt":"2026-02-19T08:16:57","guid":{"rendered":"https:\/\/matabeletoday.com\/?p=1938"},"modified":"2026-02-19T13:10:37","modified_gmt":"2026-02-19T13:10:37","slug":"ai-fraud-sparks-banking-arms-race","status":"publish","type":"post","link":"https:\/\/matabeletoday.com\/?p=1938","title":{"rendered":"AI fraud sparks banking arms race"},"content":{"rendered":"\n

JOHANNESBURG<\/strong> – BANKS are confronting a new generation of fraud threats that are adaptive, intelligent, and increasingly powered by artificial intelligence.<\/strong><\/p>\n\n\n\n

These dynamic attacks exploit real-time vulnerabilities across digital channels, mimicking human behaviour so convincingly that they can even manipulate banks\u2019 own systems against them.<\/p>\n\n\n\n

According to Andries Maritz, Principal Product Manager at Entersekt, the industry is not necessarily facing entirely new fraud types, but rather a dramatic escalation in how existing attack methods are executed.<\/p>\n\n\n\n

\u201cWe\u2019re seeing a step-change in adaptability, realism and efficiency,\u201d he explains. \u201cBots now learn, adapt and personalise continuously as they interact with live systems.\u201d<\/p>\n\n\n\n

In card-not-present and 3-D Secure environments, social engineering and BIN-level attacks are rising sharply.<\/p>\n\n\n\n

Criminals are refining tactics to bypass authentication controls, coordinating efforts with greater precision. On the digital access front, bot-driven login attempts and fraudulent account creation are also increasing.<\/p>\n\n\n\n

These attacks are no longer simple scripts. Fraudsters are spoofing traditional identifiers with greater accuracy while replicating human-like behaviours.<\/p>\n\n\n\n

Advanced AI agents can imitate subtle cues such as irregular typing rhythms or mouse movements, making it increasingly difficult to distinguish genuine customers from automated intruders.<\/p>\n\n\n\n

The strategy often begins with probing a bank\u2019s systems, analysing live feedback such as successful logins or flagged payments.<\/p>\n\n\n\n

Attackers then map weaknesses and launch targeted follow-ups. Automation allows them to harvest vast volumes of contextual data, enabling highly personalised strikes instead of broad campaigns.<\/p>\n\n\n\n

By constantly adjusting digital signals like device fingerprints or timing patterns, they evade static rule-based detection.<\/p>\n\n\n\n

The financial risk is mounting. Deloitte\u2019s Center for Financial Services projects that generative AI could push US fraud losses to $40 billion by 2027, growing at 32% annually.<\/p>\n\n\n\n

Yet nearly half of US organisations still rely heavily on manual reviews, a method ill-suited to the scale and speed of AI-driven attacks.<\/p>\n\n\n\n

Maritz notes that fraud reporting has also become more complex, as some breaches surface instantly while others remain dormant for months.<\/p>\n\n\n\n

Although banks have invested significantly in advanced detection tools, fragmented data across institutions and systems limits visibility.<\/p>\n\n\n\n

He argues that fraud prevention must become more collaborative and adaptive.<\/p>\n\n\n\n

Sharing intelligence, strengthening behavioural analytics and deploying AI-driven, dynamic defences are now essential.<\/p>\n\n\n\n

Static rules alone can no longer keep pace in what has become a high-stakes machine-versus-machine arms race.<\/p>\n\n\n\n

– CAJ News<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

JOHANNESBURG – BANKS are confronting a new generation of fraud threats that are adaptive, intelligent, and increasingly powered by artificial intelligence. These dynamic attacks exploit real-time vulnerabilities across digital channels, mimicking human behaviour so convincingly that they can even manipulate banks\u2019 own systems against them. According to Andries Maritz, Principal Product Manager at Entersekt, the […]<\/p>\n","protected":false},"author":2,"featured_media":1939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,52,4,53,72,14,180,6],"tags":[380],"class_list":["post-1938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai","category-banks","category-business","category-finance","category-security","category-tech","category-technology-agricullture","category-technology","tag-andries-maritz"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/matabeletoday.com\/wp-content\/uploads\/2026\/02\/Andries-Maritz-1-150x150.jpg","medium":"https:\/\/matabeletoday.com\/wp-content\/uploads\/2026\/02\/Andries-Maritz-1-300x289.jpg","medium_large":"https:\/\/matabeletoday.com\/wp-content\/uploads\/2026\/02\/Andries-Maritz-1-768x740.jpg","large":"https:\/\/matabeletoday.com\/wp-content\/uploads\/2026\/02\/Andries-Maritz-1.jpg","1536x1536":"https:\/\/matabeletoday.com\/wp-content\/uploads\/2026\/02\/Andries-Maritz-1.jpg","2048x2048":"https:\/\/matabeletoday.com\/wp-content\/uploads\/2026\/02\/Andries-Maritz-1.jpg","post-thumbnail":"https:\/\/matabeletoday.com\/wp-content\/uploads\/2026\/02\/Andries-Maritz-1.jpg"},"magazineBlocksPostAuthor":{"name":"administrator","avatar":"https:\/\/secure.gravatar.com\/avatar\/a3d5ebfe727f13fb325bd400aaaf5e789d3e2e20898883d9ae8e3d3d42d58cef?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"JOHANNESBURG – BANKS are confronting a new generation of fraud threats that are adaptive, intelligent, and increasingly powered by artificial intelligence. These dynamic attacks exploit real-time vulnerabilities across digital channels, mimicking human behaviour so convincingly that they can even manipulate banks\u2019 own systems against them. According to Andries Maritz, Principal Product Manager at Entersekt, the […]","magazineBlocksPostCategories":["AI","Banks","Business","Finance","Security","Tech","Technology","Technology"],"magazineBlocksPostViewCount":31,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/matabeletoday.com\/wp-content\/uploads\/2026\/02\/Andries-Maritz-1.jpg",1024,986,false],"medium":["https:\/\/matabeletoday.com\/wp-content\/uploads\/2026\/02\/Andries-Maritz-1-300x289.jpg",300,289,true],"thumbnail":["https:\/\/matabeletoday.com\/wp-content\/uploads\/2026\/02\/Andries-Maritz-1-150x150.jpg",150,150,true]},"magazine_blocks_author":{"display_name":"administrator","author_link":"https:\/\/matabeletoday.com\/?author=2"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/a3d5ebfe727f13fb325bd400aaaf5e789d3e2e20898883d9ae8e3d3d42d58cef?s=96&d=mm&r=g","magazine_blocks_category":"AI<\/a> Banks<\/a> Business<\/a> Finance<\/a> Security<\/a> Tech<\/a> Technology<\/a> Technology<\/a>","_links":{"self":[{"href":"https:\/\/matabeletoday.com\/index.php?rest_route=\/wp\/v2\/posts\/1938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/matabeletoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/matabeletoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/matabeletoday.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/matabeletoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1938"}],"version-history":[{"count":1,"href":"https:\/\/matabeletoday.com\/index.php?rest_route=\/wp\/v2\/posts\/1938\/revisions"}],"predecessor-version":[{"id":1940,"href":"https:\/\/matabeletoday.com\/index.php?rest_route=\/wp\/v2\/posts\/1938\/revisions\/1940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/matabeletoday.com\/index.php?rest_route=\/wp\/v2\/media\/1939"}],"wp:attachment":[{"href":"https:\/\/matabeletoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/matabeletoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/matabeletoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}