latest scams in south africa Archives

17Nov

By Africa BusinessNo Comments

African News

SAFPS Warns: Technology is Emerging as a Major Battleground in the Fight Against Fraud

International Fraud Awareness Week is a global annual event dedicated to raising awareness about the widespread issue of fraud and showcasing the efforts across various sectors to combat this growing challenge. This year it takes place from November 17 to 24. "The role technology plays in fraud, and scams is becoming particularly challenging in South Africa," says Nazia Karrim, Head of Product Development at the Southern African Fraud Prevention Service (SAFPS), “with South Africa growing into an increasingly connected society, online fraud is a significant challenge that needs to be addressed." Be Careful of Business Email Compromise (BEC) The increased nature of technology-based fraud is evident in the recent statistics accompanying it. This is a significant challenge for companies th...

Remain vigilant in the face of increased banking scams urges the SAFPS

The end of the year is fast approaching, and with it, the festive season and general anticipation for that hard-earned vacation that many South Africans work so hard for during the year. While this is a time of good cheer and increased shopping activity to prepare for the December break, it is also a busy time for scammers who want to take advantage of this activity. Many South Africans have recently contacted a popular Johannesburg radio station reporting increased attempts at banking fraud, with scammers sometimes becoming increasingly aggressive and convincing. "This is not uncommon," warns Roy Retief, Head of Operations at the Southern African Fraud Prevention Service (SAFPS). Scammers generally tend to be more active during periods of increased consumer activity. It is essential to...

Fraudsters are preying on traditional African beliefs to scam South Africans

South Africans are deeply connected to their culture and cultural beliefs. Followers of the fundamental traditional African belief system believe they are watched over by their ancestors, who guide them in times of crisis or when facing an important decision in their lives. Many South Africans are facing harsh economic conditions and would typically seek guidance on how to see them through these challenging times. "Scam artists are abusing cultural belief systems and are taking advantage of the believers financial desperation to scam them for everything they have," says Nazia Karrim, Head of Product Development at the Southern African Fraud Prevention Service (SAFPS). She adds that the Directorate for Priority Crime Investigation (DPCI), specialised 419-Scams Task Team have noticed the em...