Fraud Alert
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Imagine receiving a WhatsApp message that looks exactly like it’s from your bank. The logo is correct, the wording is professional, and the person on the other end claims to be a bank official offering a lucrative investment deal. They even send a convincing link to download an app. But there’s just one problem—it’s all …
SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry would like to inform bank customers about a scam known as ‘Business Email Compromise’ (BEC) where criminals literally ‘steal money by asking for it’. This scam targets specific employees in organisations who are authorised to transfer funds or make payments. According …
SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its annual crime stats for 2018. “We are concerned about some of the increases, which clearly reflect that criminals will take every opportunity to get their hands on bank customers’ money,” says SABRIC CEO, Kalyani Pillay. Combined gross card …
Bank card fraud in South Africa is costing consumers millions. Card skimming and phishing remain extensive and with fraudsters using newer methods to fleece unsuspecting victims, we need to be ever more vigilant warns the South African Banking Risk Information Centre – SABRIC, well to tell us more is the General Manager Commercial Crime Office …