Fraud Alert
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The Southern African Fraud Prevention Service (SAFPS) has saved its Members more than R7.44 billion in potential fraud losses during 2025, underscoring the growing value of shared fraud intelligence in an environment where criminal syndicates are becoming increasingly organised, technologically advanced and difficult to detect. The figures, released in the 2025 SAFPS Annual Report, represent …
Tax season is an important period for South Africans to meet their tax obligations, but it is also one of the busiest times of the year for fraudsters seeking to exploit unsuspecting taxpayers. As SARS continues to simplify filing through digital services and pre-assessments, cybercriminals are using increasingly convincing scams that closely resemble legitimate SARS …
Johannesburg, October, 7, 2025: You are going about your day when you receive an unexpected call from your “bank” claiming there is fraud on your account. The caller tries to pressure you into taking action, but something does not feel right. So, what do you do? Just say goodbye. The Southern African Fraud Prevention Service (SAFPS) …
Johannesburg, August, 6, 2025: While the tax filing season is a time of economic alignment and fiscal responsibility, it is also a prime opportunity for cybercriminals to exploit unsuspecting taxpayers. With SARS introducing pre-assessments to simplify submissions for taxpayers, fraudsters and scammers are capitalising on this convenience to craft sophisticated scams that mimic official communications. The …
As we continuously move towards the adoption of a digital and more importantly ‘touchless’ era, the platform for fraud increases. Fraud is a fraudster’s business and they often use the same business tactics we use in legitimate business, the difference being that they don’t have customers, they have victims. Thanks to an increase in data …
February is traditionally the month of love but with those not under the spell of the legendary saint, Valentine’s Day can be a lonely time, with some setting themselves up as possible targets quite unknowingly in their quest for romantic attention. While the Internet houses a large number of dating sites that may well serve …
The Southern African Fraud Prevention Services (Safps) has warned of a new email scam doing the rounds in South Africa which offers “victims of fraud” a reimbursement. Safps said emails using its letterhead claim to offer victims of fraud up to R5 million in compensation, and asks them to submit their name, age, address, occupation, …