Shopping Online? Beware fraudsters

Shopping online? Beware the fraudsters | IOL

Durban – Online shoppers should be extra vigilant with the festive season approaching as credit and debit card fraud related to internet purchases is on the rise. According to a statistical report by the SA Banking Risk Information Centre (Sabric), credit card fraud gross losses, when the card or cardholder were not present during the transaction, had increased by 12.5% from R168 million in 2015 to R189 million this year.

 

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