Consumers warned to stay alert as digital banking fraud spikes
The highest volumes of cyber-fraud occur via internet banking, which is largely accessed via desktop or laptop
As the Covid-19 lockdown continues, albeit under relaxed level 3 rules, the SA Banking Risk Information Centre (Sabric) and banks warn consumers to stay alert for scams that can cost them their hard-earned cash — or even their identity.
This comes as Sabric reports that digital banking fraud increased by 20% in SA last year. ..