‘Phishing’ expeditions on the increase

The number of schemes to fraudulently obtain confidential information from internet banking users has grown, the South African Banking Risk Information Centre (Sabric) said on Tuesday.

“Banking industry data managed by Sabric shows that the number of ‘phishing’ websites targeting local bank clients that have been detected and shut by the banks have more than trebled in the last four months,” Sabric CEO Kalyani Pillay said in a statement.

“This is really unprecedented and a clear sign of the extent of the onslaught,” Pillay said.

As fast as banks shut down “phishing” websites to prevent more people from falling victim, those behind them used the information they had already collected from their victims.

“We urge bank clients to be extra vigilant with their banking information.”

Pillay urged anyone who had given out their banking information in response to an email request to notify their bank. Customers were also urged to contact their banks before responding to emails requesting their banking information.

In the emails, fraud suspects pretending to represent the South African Revenue Service enticed victims to supply their banking details to receive tax refunds.

“It is clear that the perpetrators have now customised their approach to make their scams more believable to a typical South African bank client.”

The emails linked to websites that appeared to be those of local banks, which made them more believable to users.

No bank, said Pillay, ever sent emails requesting customers to update information online by accessing their site via a link. — Sapa

Subscribe to the M&G

These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever.

The Mail & Guardian is a proud news publisher with roots stretching back 35 years, and we’ve survived right from day one thanks to the support of readers who value fiercely independent journalism that is beholden to no-one. To help us continue for another 35 future years with the same proud values, please consider taking out a subscription.

Related stories

Big retailers need to step up to the plate

To stave off a multi-generational malnutrition crisis, the food industry must work with government to provide highly nutritious foods at cost during the pandemic

Crime stats mark a bitter start to Women’s Month

We must celebrate women’s achievements this month while agitating for structural change, argues Luke Waltham

South Africa prioritises fossil fuels over clean energy in post-Covid-19 recovery packages

The country is among the G20 countries who have invested in electricity produced from coal, oil and gas at the cost of addressing climate change

Challenges and opportunities for telemedicine in Africa

Telemedicine in Africa is currently limited by the availability of basic infrastructure, but, considering the lack of doctors in rural areas, it is a vital component in addressing the continent’s healthcare needs

Fight the disease of corruption in the same way we fight the coronavirus

Gogo Dlamini, Themba Dlamini’s mother, died of Covid-19, but Mzanzi has a chance to rid the country of fraud and exploitation and instead serve ‘Gogo Dlamini’, the people of South Africa

This time it’s different: African economies may not survive

Amid the headwinds created by the Covid-19 pandemic, it’s time the Aloe ferox, which survives in dry, harsh conditions, is nurtured — but the options are limited

The PPE scandal that the Treasury hasn’t touched

Many government officials have been talking tough about dealing with rampant corruption in PPE procurement but the majority won't even release names of who has benefited from the R10-billion spend

ANC still at odds over how to tackle leaders facing...

The ANC’s top six has been mandated to work closely with its integrity committee to tackle claims of corruption against senior party members

press releases

Loading latest Press Releases…

The best local and international journalism

handpicked and in your inbox every weekday