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The South African Banking Risk Information Centre (SABRIC ) would like to remind bank clients to always be on the lookout for Phishing, Vishing and SMishing scams. Phishing, Vishing and SMishing are all methods of deceitfully obtaining personal information such as passwords, ID numbers and bank card details by tricking clients into believing that they are from trusted sources, such as banks or legitimate companies.
SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its Card Fraud Stats for 2017 which reflect an overall decrease in card fraud. Debit card fraud decreased by 8.5% while credit card fraud increased by 1%, from R434.0m in 2016 to R436.7m in 2017.