SAPS warns of increasing online banking fraud

The Sebenza Police Station warns the public about the growing threat of online banking fraud, which affects South Africans across all demographics.

According to Sebenza SAPS spokesperson Sergeant Sharon Tsotsotso, criminals increasingly use sophisticated tactics to exploit vulnerabilities in online platforms to steal money and personal information.

“Criminals are becoming more advanced, and everyone is at risk, especially older people, pensioners and business owners. But even tech-savvy individuals are not immune,” said Tsotsotso.

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She outlined several methods fraudsters use to trick victims:

• Phishing: Fake emails and websites designed to steal personal information;
• Vishing: Fraudulent phone calls used to obtain one-time pins (OTPs) and sensitive data;
• SIM swapping: Criminals transfer a victim’s phone number to a new SIM to intercept OTPs;
• Banking website cloning: Fake websites that closely mimic legitimate banking platforms;
• Malware and exploited data vulnerabilities: Used to gain unauthorised access to banking accounts.Scams are often fake emails, advertisements or investment schemes, tricking unsuspecting users into handing over personal or financial information.
• Social engineering: Criminals gather personal information from social media platforms like Facebook and Instagram to manipulate victims.
• ATM attacks: Devices are placed on ATMs to clone bank cards or steal PINs.

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Tips to avoid falling victim
• Be cautious of links in emails and SMSes. Do not click unless you are sure of the source;
• Regularly review your bank statements for unusual activity;
• Use strong, unique passwords for your accounts;
• Be vigilant at ATMs and avoid help from strangers;
• Stay informed about current scams to identify threats;
• Immediately report suspicious activity to your bank;
• Open a fraud case at your nearest police station if you become a victim.

Tsotsotso urged residents with elderly family members, particularly those in old-age homes, to teach them about online fraud.

“The elderly are often targeted due to their limited understanding of digital threats. Criminals exploit their trust and vulnerability,” she said.

The Sebenza SAPS continues its crime awareness initiatives across the community to educate and protect residents from cybercrime.