
S Africans lost R3.3 billion to financial crime in 2023: SABRIC
Illustration depicting credit card fraud 1 minute The South African Banking Risk Information Centre (SABRIC) says there has been a significant spike in online shopping scams during the holiday season. In 2023, South Africans lost almost R3.3 billion due to financial crime with fraudulent banking applications, accounting for 60 percent of digital banking crimes. Thabani…