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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now