Racial edicts in the form of the current empowerment regime have been presented as a non-negotiable by President Ramaphosa, writes Terence Corrigan.
Criminals impersonate senior managers and send email requests to junior staff in the accounting or finance function requesting that an urgent payment be made to a specific beneficiary.
The SA Banking Risk Information Centre has found that reported incidents of digital banking fraud grew by 75% between 2017 and 2018, as criminals increasingly used social engineering tactics to steal money.
South African Banking Risk Information Centre CEO Kalyani Pillay says she has led an agile and growing organisation that assists banks through a unique model to improve security.
Fraudsters are taking full advantage of digital technology. And an increase in spending.
Criminals can approach your mobile service provider, pretending to be you, and request a transfer of your existing cell phone number to their new SIM card.
Digital technology has provided new ways for criminals to commit digital banking crimes, warns the SA Banking Risk Information Centre.
More than R1bn has been "lost" as a result of cash-in-transit robberies between 2008 and 2016, say the Hawks.
South Africans have lost almost R4.5 billion to credit and debit card fraud since 2010, the latest fraud data from the SA Banking Risk Information Centre (Sabric) show.
Bank customers have been warned about an ATM card swapping scam, while Fin24 users continue falling victim to unauthorised debit orders.
Bank ATMS are vulnerable to hacking because of outdated software, a security firm has found.
Most robberies after people withdrew money at an ATM or inside a bank branch occur in Gauteng, according to a report by the SA Banking Risk Information Centre.
In vishing – or voice phishing attacks – scammers speak directly to victims to try and convince them they are in speaking to someone from a legitimate organisation.
The banking industry has warned customers to always be vigilant of banking scams, especially when prompted for personal information.
Malicious software, spyware and key loggers are three ways cyber criminals use to obtain sensitive information from unsuspecting consumers.
Introducing email spoofing and its targeted cousin, CEO fraud - cybercrimes the SA Banking Risk Information Centre cautions could be tricky to spot.
More than half of the gross losses due to crime reported to the SA Banking Risk Information Centre (SABRIC) occur online.
The South African Banking Risk Information Centre has cautioned bank clients not to click on any hyperlinks in emails purporting to come from a bank.
Internet users are contributing to banking and financial fraud by falling victims to cyber scams designed to steal cash, says a cyber security expert.
Local bank customers must pay closer attention to their mobile security, the South African Bank Information Centre has said.
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