'Don't bank with FNB if you use cellphone banking'

John Maytham on Monday spoke to Dr David Klatzow, a private forensic consultant, about banking fraud after a number of listeners who are both FNB and MTN customers called in to complain about how they lost money from their bank accounts.

According to Klatzow, neither FNB nor MTN want to take responsibility for their customers' misfortune.

We are getting email after email and the main perpetrator seems to be MTN at the moment... and FNB.

Dr David Klatzow, private forensic consultant

Listen to the full conversation below:

What is more concerning is that the banks have created a platform which is vulnerable to this kind of fraud and they are doing nothing about it except to say it’s not our problem

Dr David Klatzow, private forensic consultant

Don't bank with FNB if you are going to use a sim card or any kind of cellphone type of banking, you are too vulnerable.

Dr David Klatzow, private forensic consultant

FNB’s motto is how can we help you well here is a suggestion, you can help us FNB by coming to this party and being honest

Dr David Klatzow, private forensic consultant
  • This headline has been amended to reflect the context of the statement about FNB.

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