Ahead of the festive season, one of South Africa’s largest banks provides steps to best prevent cybercrime.
As we approach the festive season, criminals are aware that people are receiving their year-end bonuses and will spend extra time and money online- making cyber scams more lucrative, says Mark Sturrock, Capitec’s head of cyber security.
South Africa is considered to have the third-highest number of cybercrime victims worldwide, said Capitec. Earlier this year, the South African Banking Risk Information Centre’s Annual Crime Statistics showed an increase in calls from fraudsters impersonating bank officials, in an infamous type of fraud referred to as vishing .
Capitec has urged people to be proactive in protecting money by bolstering online security measures and reducing the risk of becoming a victim of cybercrime.Avoid becoming a vishing victim “In most instances, cybercriminals will pretend they’re calling from your bank to report unusual activity on your account. They’ll then ask you to confirm your bank account details, including your email, physical address, and proof of identification. This information allows them to commit identity theft.”
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