Tag: bank fraud
Remain extra vigilant during these trying times
South Africa is in the middle of one of the most trying times in the country’s history. Unemployment was on the rise which will only worsen in the aftermath of the current situation. In addition, tensions are boiling over turning into violent acts and destruction which are currently disrupting society. This includes bank ATM’s and branches.
BOOK REVIEW | VBS: A Dream Defrauded
Originally, the Venda Building Society, VBS Mutual Bank was a small, little-known lender in Limpopo before it rocketed from obscurity in 2016 by giving President Jacob Zuma a controversial home loan to repay the state for improvements to his Nkandla homestead.
Fraud management during a pandemic
Being nimble and awake to the rapid changes occurring to bank fraud will be essential. History tells us that things like natural disasters, times of economic instability, and fears of recession or unemployment provide the perfect environment for increased fraud and financial crime.
Holder of trust money is liable for paying incorrect party
In the case of Fourie v van der Spy and de Jongh Inc, a firm of attorneys involved in a property transaction paid R1,744,599.45 into the bank account of a hacker in response to emailed instructions.
Protecting your money?
We urge you to be your money’s best protection by following these guidelines:
