Crime syndicates and banking fraud: What to do if your phone is stolen and your bank account gets wiped

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Crime syndicates and banking fraud: What to do if your phone is stolen and your bank account gets wiped
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Members of the public are urged to be careful as digital banking fraud is on the rise and crime syndicates are allegedly looking for victims at popular malls in South Africa.

Cape Town – Members of the public are urged to be careful, as digital banking fraud is on the rise and crime syndicates are allegedly looking for victims at popular malls in South Africa.

“Anyway, long story short, I was left without money and without a phone. The bank is still investigating and, as much as there's a possibility they will refund it, it will not be any time soon because there's a case involved. SAPS and the bank needs to conduct their own investigation,” said Mahleza.I was at Mall of Africa shopping on Thursday 23 September 2021. My cellphone was in my hand the entire time until, I needed to look for a specific item inside the store.

This will stop criminals from opening new lines of credit in your name. There are four main credit bureaus in South Africa: Experian, TransUnion, Compuscan and XDS.

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