Fraud/Crime

SABRIC annual crime stats 2019

SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its annual crime stats for 2019 and is pleased to announce that robust mitigation strategies deployed by member banks and partners are showing results.

Consumers urged to ensure safety as online shopping fraud is on the rise

The restrictions in physical shopping activity since the start of the lockdown and consumers’ awareness about personal safety have increased the driver for online shopping in recent months. In line with the upsurge, fraudsters have also increased their attempts to defraud consumers through Card Not Present shopping activity.

Cybercriminals now targeting the healthcare sector

The healthcare sector is under siege from ruthless cybercriminals aiming to disrupt and profit from healthcare services during the Covid-19 crisis. According to Mikey Molfessis, cybersecurity specialist at Mimecast, South African healthcare organisations and the people who depend on them are at increased risk of falling victim to cyberattacks.

Refinitiv Releases Findings of Sub-Saharan Africa Financial Crime Survey for 2020