JOHANNESBURG – There’s been a significant rise in digital banking fraud as more South Africans shop online due to the COVID-19 pandemic.
The Banking Risk Information Centre has released its annual crime statistics report showing South Africans lost over half a billion rand in debit card fraud last year.
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Digital crime incidents increased by 33-percent last year compared to 2019.
SABRIC says fewer people bought on credit last year with most preferring debit cards.