The most prevalent banking scams in South Africa

Hanno Labuschagne

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The most prevalent banking scams in South Africa

The COVID-19 pandemic has resulted in a rise in banking scams and fraud in South Africa.

This is according to South African banks, which explained that this is due to an uptake in online transactions.

“We will continue to see the likes of phishing increasing in South Africa because people are adopting online purchases in increasing numbers,” said Standard Bank head of fraud and risk Carolina Reddy.
 
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