Stricter and more widespread use of biometric authentication by mobile operators could help reduce the growing Sim-swap fraud menace in South Africa.
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The telecoms sector is facing a combination of cyber and physical risks, according to a new report.
Telkom has warned that fraudsters are targeting its customers using a deposit refund scam. Criminals deposit a stolen or counterfeit cheque into customers’ accounts, and then on a false Telkom letterhead inform them that the company has erroneously deposited the cheque as reimbursement for overpayment on their telephone account
Telkom has warned that criminals are targeting “unsuspected” customers with the aim of either defrauding them of cash or acquiring their personal details or Internet usernames and passwords under false pretexts. “The latest modus operandi that fraudsters are