The South Africa Banking Risk Information Centre (SABRIC) CEO, Kalyani Pillay says that bank customers must be wary when being told that a certain supplier has changed their banking details and must thoroughly verify if the details have indeed changed. The scam operates by an innocent recipient receiving an email/letter informing them that their particular supplier
In a recent article by the Mail and Guardian newspaper Informal consensus within the private sector saw South Africa ranked third, behind Russia and China in terms of cybercrime. It is with this in mind that the South African Banking Risk Information Centre (SABRIC) has issued a warning to banking customers about email hacking and
A huge number of South Africans rely on the ATMs to withdraw money. However the increased usage of ATMs has also resulted in criminals devising various scams such as card skimming, swopping and the trapping of card inside ATMs. This is usually accompanied by shoulder surfing to steal PIN numbers. SABRIC’s research has revealed that
The banking industry is pleased to announce that debit card fraud losses have decreased by 42% for the period 1 January- 30 September 2013. This is according to the latest banking industry’s card crime statistics as released by SABRIC (The South African Banking Risk Information Centre). This figure is significantly lower when compared to the
