Anti-smishing technology. (Image: Expleo)

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Expleo, a global provider of engineering, technology and consulting services, has launched ExpleoNóra, the innovative digital security solution formerly known as ProtectUs, in the South African market. Anti-smishing technology will help banking institutions and protect their customers from falling victim to fraudulent scams.

The South African Banking Risk Information Center (SABRIC) said in 2022 Annual Crime Statistics reports that fraudsters mainly use smishing (SMS phishing) to obtain confidential information through mobile banking channels. In 2023 Annual Crime Statistics The SABRIC report highlighted a significant increase in digital banking fraud, with reported incidents increasing by 45% compared to the previous year. In line with this increase, financial losses increased from R734 698 765 in 2022 to R1 082 393 109 in 2023, reflecting an increase of 47%.

Trevor Luyt, Managing Director of Expleo South Africacommented: “Consumers – especially those from vulnerable groups – are increasingly targeted by social engineering techniques such as smishing. ExpleoNóra is a timely addition to the tools available to businesses to address this issue.”

ExpleoNóra was first launched in October 2023 with Irish bank, PTSB, showcasing its advanced security and efficiency features including:

• Enhanced security protocols: Using innovative technology to provide complete protection against crushing.
• Seamless integration: Easy to implement into existing banking applications, ensuring minimal disruption and maximum efficiency.
• Scalability: Designed to grow with your business, adapting to growing data and security requirements.
• Proven success: Validated by its implementation at Permanent TSB, where it demonstrated significant improvements in data protection and system reliability.

For more information about ExpleoNóra, please visit: https://expleo.to/3Lm8GxE.