Browsing: Sabric

Bank customers should be aware of bank-related scams to avoid falling victim to them, the South African Banking Risk Information Centre said on Tuesday.”We want to warn customers to be vigilant during the festive season, especially around

There are simple steps the public can take to prevent ATM fraud, the South African Banking Risk Information Centre said on Wednesday. “There is a perception that most bank-related [crime] matters are perpetrated by internal staff in banks,” Sabric CEO Kalyani Pillay told

The value of debit card fraud losses decreased by 42% between January and September this year compared to the same period last year, the South African Banking Risk Information Centre (Sabric) said on Monday. It fell from R204m to R117,7m over the two years, it said in a statement

South Africa’s banks have suffered tens of millions of rand in losses due to a major breach of customer card data by criminal syndicates that infected electronic point-of-sale terminals using a variant of malicious software called Dexter. It’s not known exactly how

With the number of Sim card fraud cases in South Africa rising sharply last year, the banks and cellphone service providers are locked in a blame game, with each party arguing that the other could do more to combat the virtual scourge. An increasing number of South Africans

In January, in the flurry of resolution that accompanies the new year, Dino Maloko (not his real name), 40, decided to bite the bullet and pay off his credit card. He was over R40 000 in the red, and he wanted to start the year off right. So he made a large payment into his bank credit card account and got his card debt

Credit and debit card fraud have declined nationally, the SA Banking Risk Information Centre (Sabric) said on Tuesday. Credit card fraud between January and September this year, totalling R300,6m, dropped by 18% compared to the same period

ATM users must be vigilant in the face of an increase in card skimming, the SA Banking Risk Information Centre (Sabric) said on Tuesday. “The banks are increasingly receiving reports of clients who have lost money from their

Counterfeit card fraud, especially as a result of card skimming, is on the increase again, according to the SA Banking Risk Information Centre (Sabric). And consumers with chip-and-pin cards shouldn’t assume they are protected