Online banking frauds are on the rise worldwide; people are being robbed of their life long nest-egg daily. Absa Group’s media relation manager, Errol Appleby-Smith said that Internet banking remained a safe and opportune technique of carrying out banking, as long as banks and their customers took extra precautions to make sure constant security.
Let’s take for example the case of a Port Elizabeth woman who complained that she got over R6, 000 electronically transferred out of her First National Bank (FNB) account last week, but she was at once notified by an SMS notification on her account and let her made contact to the bank to cancel the transaction. On the other hand, First National Bank (FNB) said it was alert to latest cases that had been reported in the Nelson Mandela Bay area and was assessing each case in person.
Errol Appleby-Smith warned of the dangers of banking at Internet cafes, as this is the most happening place from where the majority of crime syndicates are operated. Customers are recommended to protect their PCs by deploying anti-virus and anti-spyware. The South African Banking Risk Information Centre (SABRIC) said that identity theft was a challenge being encountered by the banking industry today.
