Many South Africans will be taking it easy during their well-deserved end-of-year holiday, but one portion of the population that will be working as hard as ever– financial scammers.
The festive season is traditionally big business for fraudsters and thieves, because they are aware that many people would have received their yearly bonuses, and most are distracted by family festivities. Congested and noisy shopping centres of popular holiday towns are the perfect locations for these criminals to commit crimes and then disappear into the crowds.
“ATM theft is one of the most prevalent financial crimes that occur at this time,” says Nitesh Patel, Head of Customer Financial Solutions, Personal Banking at Standard Bank. “While banks work tirelessly throughout the year and even more so during the festive season to ensure that customer accounts remain safe, consumers must remain vigilant.”