Today's Big Stories

Cardless bank fraud on the rise in SA

Cardless bank crime (known as card-not-present fraud) has risen to its highest level in 10 years, according to data released by the South African Banking Risk Information Centre (Sabric).

Sabric CEO, Kalyani Pillay said criminals are now targeting consumers who have lost their debit cards, to make online purchases that do not require the cardholder’s PIN.

As much as authorities are adopting a tougher stance on this type of crime, Pillay said consumers must also take more responsibility and be more vigilant of when their card details are compromised.

Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:


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