Online credit card fraud warning for South Africans

I cannot understand how banks can not control this in applications. Every small thing I do I need to get RICA'd. But it seem if you applying online from an IP in Nigeria no RICA needed
Seems to me a lot of BS from the banks to protect themself
 
Gauteng topping the list basically because that's the heart of the economy and appetising for the criminals. But also don't the banks do background checks on those online applications, surely if fake identities are used they wouldn't qualify for credit. Unless they are using real people's identities and obtaining ID copies etc etc of the victims :confused:
 
I wondered how some fraudsters were getting around 3d secure
 
So much for chip & pin cards... More of a hack than what it's worth.
 
CVVs are always gonna be a problem unless there is OTP for CVV or approvals forced.

Chip and pin works fine.. But if you cvv is not removed or masked then you asking for trouble too. I've seen tellers having a nice long look at pans and cvv & love it when they shocked to see my cvv removed.. Yah hide the fact that you looked now..
 
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