Digitally Secure? Don’t Bank On It.

Digitally Secure? Don’t Bank On It.

  • Fact: #3217

With Digital Banking becoming more popular amongst South African consumers, so have the associated cyber-crimes. In 2019, Online or Card-Not-Present (CNP) credit card fraud accounted for 79.5% of all monetary fraud losses in SA, which also saw a 100% rise in mobile banking application fraud in the same year.

Source: One

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