Today's Big Stories

Change of bank details scam making its rounds again

Watch out for the return and rise of the change of bank details scam, warns the South African Banking Risk Information Centre (Sabric).

Sabric's general manager Susan Potgieter said on Tuesday a recipient initially receives an e-mail or letter informing them that a particular supplier of theirs is changing their bank account details.

Potgieter explained the red flags to look out for in the correspondence and how to avoid falling victim.

Listen to the full conversation:

The scammers impersonate companies that most South African debtors deal with such as municipal or telephonic service providers.

Susan Potgieter, Sabric's general manager

They use bulk communication, and if a couple of people fall victim to the scam, they have achieved their means.

Susan Potgieter, Sabric's general manager

These mails do look legit, criminals go the extra mile to use the appropriate language. The quality has improved.

Susan Potgieter, Sabric's general manager

Learn more about this and other scams on the Sabric webiste.


This article first appeared on 702 : Change of bank details scam making its rounds again


Recommended

by NEWSROOM AI
Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

If you're gona be a hero (and smash a car window), make sure you can prove harm

If you're gona be a hero (and smash a car window), make sure you can prove harm

A criminal lawyer explains what leg citizens can stand on if they witness a child or pet locked in a vehicle in risky conditions.

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

The DA's James Selfe says it is not clear whether SABC's Hlaudi Motsoeneng will be either fired or suspended pending an inquiry.

Cardless bank fraud on the rise in SA

Cardless bank fraud on the rise in SA

Although banks are more vigilant in combating organised ATM fraud, the prevalence of cardless fraud may become a cause for concern.

Bank claims woman owes over R600 million after 'technical glitch'

Bank claims woman owes over R600 million after 'technical glitch'

Credit information company TransUnion explains how the data on her credit check was misrepresented to reflect millions in debt.

Popular articles
[LISTEN] Zille responds to Lindiwe Mazibuko comments that she undermined her

[LISTEN] Zille responds to Lindiwe Mazibuko comments that she undermined her

Helen Zille responds to alleged comments made by Lindiwe Mazibuko at a dinner, saying she's doing the same to Musi Maimane.

[WATCH] Melania Trump's reaction after shaking Putin's hand

[WATCH] Melania Trump's reaction after shaking Putin's hand

Waitress praised for standing up for herself after a man touched her butt on his way to the toilet and a dog comforts its owner.

Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

Tell me what you want: Study reveals most common sexual fantasies

Tell me what you want: Study reveals most common sexual fantasies

What are your sexual fantasies? Disclosure can bring sexual freedom, but it can also have downsides. A study lists the top trends.

More arrests are imminent in connection with the cash-in-transit heists - Hawks

More arrests are imminent in connection with the cash-in-transit heists - Hawks

Seven suspects were arrested in Limpopo in less than 24 hours after a cash-in-transit vehicle was blown up in the province.