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The fact that internet banking fraud is a serious problem is apparent from the flood of reactions after Esmaré Weideman, former editor-in-chief of YOU magazine and now chief executive of Media24, was robbed in this way.
About R1,5 million was transferred from her home loan account to her cheque account without her knowledge. About R360 000 of this was paid in smaller amounts into a fake beneficiary’s account before Absa could freeze her account.