SIM-swap fraud results in loss of R30,000
Two of South Africa’s largest corporates, telecommunications giant MTN and Nedbank are yet again in the limelight for all the wrong reasons.
The latest victim, Jillian Meiring from the windy city of Port Elizabeth had noticed in September last year...
Why South African banks still use SMS one-time PINs despite SIM-Swap fraud
Two-factor verification is an important security measure for online and app-based banking, but SMS is one of the least secure options available.
This is not the fault of the banks or the messaging protocol, but rather...
SIM-swap crime syndicate infiltrating South African mobile operators investigated
An investigation into a criminal syndicate which has allegedly infiltrated all mobile operators in South Africa is underway.
The one bank in South Africa that is safe from SIM-swap fraud
Only one bank in South Africa is not vulnerable to SIM-swap fraud – this is how it does it.
SIM-swap victim feels betrayed by FNB, MTN after losing R200,000
Cape Town audiologist Gail Jacklin, who lost over R200 000 in a SIM-swap scam earlier this year, says she is emotionally drained and has lost trust in FNB and MTN.
Inside SIM-swap job at FNB and MTN scammed customers: investigator
A forensic investigator has alleged an inside job at First National Bank and MTN in a SIM-swap scam that pilfers customers of hundreds of thousands of rands.