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Sumsub has expressed strong support for South Africa's newly introduced National AI Policy Framework, particularly in response to a staggering 500% increase in AI deepfake fraud cases. The framework aims to establish ethical AI practices and is currently open for feedback from the ICT sector and stakeholders. This initiative represents a significant step towards comprehensive AI regulations in South Africa, potentially leading to an AI Act.
The recent Fraudlympics Report by Sumsub highlights the evolving nature of fraud, with deepfakes becoming a prominent concern. As AI technology advances, the potential for misuse by malicious actors grows, making the establishment of a robust AI policy crucial. Sumsub believes that South Africa's proactive approach can serve as a model for other African nations in regulating AI effectively.
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