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.
SABRIC (South African Risk Information Centre) utilises a model of collaboration which sees banks and other key stakeholders such as the National Cybersecurity Hub work closely together to derive robust proactive measures to build cyber-resilience and create awareness for cybercrimes. SABRIC and the Centre for Research in Information and Cyber Security (CRICS) at the Nelson Mandela University have joined forces in this regard. Master’s student, Rahul Maharaj from CRICS, have produced five cybercrime videos about online shopping, mobile banking, computer hygiene, malware and card fraud in collaboration with SABRIC, to empower members of the public with safety tips while transacting using digital channels.
SABRIC, the South African Banking Risk Information Centre, urges consumers to be sceptical of any investment that seems too good to be true, to prevent being deceived by so-called investments that promise quick, high and guaranteed returns.
SABRIC (The South African Banking Risk Information Centre) has expressed its outrage at the attack on the police station at Ngcobo in the Eastern Cape in the early hours of this morning, where a number of police members and a civilian were shot and killed. This was followed by an attack on an ATM in the close vicinity.
The South African Banking Risk Information Centre (SABRIC), on behalf of the banking industry would like to warn members of stokvel social clubs to be extra cautious. A recent spate of armed robberies took place across the country after stokvel money was withdrawn for distribution.