R2.4 billion stolen from South Africans – over R21,800 per person

New data from the South African Banking Risk Information Centre (SABRIC) reveals that digital banking fraud has cost South Africans R2.4 billion, which equates to over R21,800 per person. The data serves as a warning about the rampant surge in such fraud. The figures highlight the growing threat of cybercrime in the country's financial sector.

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