Kalyani Pillay

With fake credit cards, fraudsters made 14 000 transactions totalling R300-million from 1 400 ATMs in just three hours.

Sabric says credit card fraud almost doubled during 2009/10, with 92.3% of incidents occurring in Gauteng, KwaZulu-Natal and the Western Cape.

Robberies targeting bank clients withdrawing large amounts of cash have increased, the South African Banking Risk Information Centre has said.