South Africa’s bank robbers are apparently becoming both more and less sophisticated. Incidents of digital banking fraud declined in 2021, but more money was stolen, according to the latest annual crime data published by the South African Banking Risk ...
Crime stats published by the South African Banking Risk Information Centre offer a revealing look at the risks to commercial banking in South Africa and the methods used to shake the sector down.
So incidents of digital fraud are down, but those pulling off such capers are making off with more loot — a case of quantity over quality. That points to an increased level of sophistication.“Overall, there was an 11% increase in ATM attacks during 2021, resulting in a 17% increase in losses,” Sabric said.And some of these robbers are not exactly the sharpest tools in the gangster shed.
The use of angle grinders as a tool for ATM robberies, by contrast, is becoming less popular, with an 11% decrease in such incidents in 2021.
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