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


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
Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

In 2012 Steinhoff acquired 20% of wealth manager PSG, reportedly infuriating Mouton. Bruce Whitfield interviews him.

[LISTEN] Sara-Jayne King overjoyed at finding her biological father

[LISTEN] Sara-Jayne King overjoyed at finding her biological father

After a 702/ CapeTalk interview, the author of the autobiographical book Killing Karoline spoke to her dad for the first time.

[LISTEN] Caller challenges Eusebius on land disposition

[LISTEN] Caller challenges Eusebius on land disposition

‘I need you to provide me with an answer' - John from Edenvale, Gauteng

Number of South Africans visiting the seaside has dropped

Number of South Africans visiting the seaside has dropped

Fedhasa's CEO is encouraging South Africans to take a look at the specials that are currently out there and make their bookings.

How businessman Max Lichaba struck gold with his jewellery company

How businessman Max Lichaba struck gold with his jewellery company

Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.