Tag - fraud

It’s annual tax phishing season

With tax filing season upon us, the annual tax-related cyber-fraud feeding frenzy has begun, warns Jonas Thulin, Security Consultant at Fortinet. “The Receiver of Revenue, financial institutions and security firms have been issuing the same warnings every tax season for years. Amazingly, nothing has changed and people are still being...

Beware of debit order fraud

When Jurie Pohl discovered that fraudulent debit orders amounting to R12 000 had been deducted from his bank account over five years, he became the latest victim of a financial crime where syndicates are deliberately using the debit order system to commit fraud. Walter Volker, head of Payments Association South Africa (PASA) and author of...

Chip and PIN not as safe as you think

Chip and PIN cards were introduced in order to reduce the level of fraud on credit cards. The argument is that without the PIN your card cannot be used. However many bank customers have found that their cards are still being used fraudulently and the only difference now is that they have to argue with the bank which can claim that the customer...