ATM fraud on the rise in SA

ATM fraud on the rise in SA

Over R500-million has been lost to card fraud in South Africa since January this year. This has been revealed by South Africa Banking Risk Information Centre. 


On Friday, a 29-year-old man was arrested for fraud in KwaDukuza, north of Durban - after stealing R5000 from a bank customer.

The customer had asked him for help in withdrawing money - but the suspect swapped his card instead, and stole the money later.

The suspect is due in KwaDukuza Magistrate's Court today. 

ALSO READ: Warning for ATM card users

Sabric CEO, Kalyani Pillay, says people should start using cellphone and internet banking - as it is a safer method than withdrawing cash at the ATM.  

ALSO READ: ATM Card swapping cases keep Banking Ombud busy

She urged bankers to be extra vigilant - especially with the festive season upon us. 

"Don't allow anybody to assist you at any time for whatever reason - even if you believe that they may be from the bank, rather don't take help from anybody. If your transaction is not going through, if there's a problem - try and cancel it, wait for the card to come out, leave that ATM - and also don't allow anybody to see your pin number," she says. 

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