Mobile fraud with SIM swap surges 200%
In 2018, thieves took R262m in more than 23,000 incidents across banking apps, online banking and mobile banking, Sabric says
27 June 2019 - 11:29
Digital banking fraud across all platforms increased a staggering 75% in 2018, with the incidence of fraud via banking app alone increasing 54%, the latest crime statistics released by the SA Banking Risk Information Centre (Sabric) show.
In 2018, 23,466 incidents across banking apps, online banking and mobile banking amounted to R262-million in gross losses, Sabric says...
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