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Who is responsible for losses as a result of credit card fraud?

11 May 2015

According to the South African Banking Risk Information Centre (SABRIC) losses due to credit card fraud increased by 23% from R366 million in 2013 to R453.9m in 2014. In addition, Gauteng, the Western Cape, and KwaZulu-Natal were responsible for 88% of all credit card fraud losses as well as the highest number of skimming devices retrieved. These alarming statistics raise the question of liability for losses as a result of credit card fraud.

Hollard has formed a partnership with Identity Guard to fight Business ID thieves

28 April 2015

Identity thieves are turning to businesses for more lucrative pickings.

Hotlines a hot ticket to fraud prevention

09 December 2014

South African corporates are finding fraud hotlines and employee tip-offs the most successful tactics in identifying internal fraud. This is according to the Accredited Certified Fraud Examiners’ Report to the Nations on Occupational Fraud and Abuse Global Survey 2014, which includes feedback from 57 South African companies; by far the largest representation of any one country in the survey, which comprises a total of 1483 fraud cases around the world.