Over the past year, South Africans have faced increased risk when it comes to becoming a victim of fraud, according to data from the Southern African Fraud Prevention Service.
Over the past year, South Africans have faced increased risk when it comes to becoming a victim of fraud, according to data from the Southern African Fraud Prevention Service .
The offers are often heavily discounted or offered online via social media websites or other websites. The SAFPS has also alluded to scams to be aware of. It has noticed an increase in the money mule scam – when a person approaches someone else and asks them if they can use their account to send money to a relative in another country.
“This is a significant problem and not only limited to South Africa. Money muling is a significant global risk. Reports from Cifas in the UK point out that money muling funds illegal activity such as money laundering, terrorism and human trafficking. Obviously, this is concerning, particularly within the South African content,” said Van Schalkwyk.
South Africa has one of the highest reported unemployment rates in the world. Current statistics from Stats SA reports that the official unemployment rate is 34.5%. “In an effort to increase employability, we are seeing an increase in false qualifications which has increased by 158% over the cases reported in 2021,” said SAFPS.
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