Digital bank fraud lifts as SA moved online due to Covid-19, Sabric says

Sabric found while some types of crime decreased, overall there was an increase in banking crime incidents

Digital bank fraud increased in 2020, according to Sabric. Picture: 123RF/DOLGACHOV

Sabric said the pandemic, coupled with the implementation of Disaster Management Act regulations, “had a notable influence on financial crime trends in 2020”. Contact crime was affected by the restriction of movement and visible policing, resulting in a decrease in incidents.

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