SABRIC Urges Banking Customers to be Vigilant When Using ATMS

Posted on by wademinnie | 629 Views | 7 min read

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

SIM Swap Fraud Growing in South Africa

Posted on by wademinnie | 762 Views | 10 min read

SIM Swap Fraud is a term that has been doing the rounds in the South African media lately. It is a new style of cell phone banking fraud which uses a combination of your bank details and phone number to withdraw money from your bank account without your permission or knowledge. SIM Swap Fraud generally