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Consumers become soft targets as fraud increases

17 February 2021

As South Africans waved goodbye to 2020, they looked forward to 2021 with a lot of anticipation that the year would not be filled with the same challenges that had to be dealt with over the previous 12 months.

Online banking scams grow in frequency and sophistication

21 January 2021

Your clients could be among thousands of South Africans who become victims to online banking scams each year. Jan Kruger of Absa Engineering Services: Specialised Investigations Forensics observed that phishing, vishing and smishing attacks were on an upward trend. He warned that South Africans who became complacent about this type of attack, did so at their own risk. “Day after day, minute after minute, we see individuals ‘take the bait’ and lose their hard-earned money by inadvertently interacting with these scamsters,” said Kruger.

Stay vigilant when using free public Wi-Fi

13 January 2021

As people look for diversity in working spaces from their normal ‘work from home’ routine while still under the lockdown i.e. coffee shops, the use of free public Wi-Fi networks and hotspots in these public places calls for caution when accessing your banking or managing finances on laptops or mobile devices.

Avoiding Festive Season Fraud

04 December 2020

With the festive season being synonymous with more transactions, especially as people typically have more money at this time of year, the greater the probability there is of fraud occurring.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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