scamslatest news & developments
FSCA

Criminal syndicates may be infiltrating licensed financial firms

The FSCA has levied R2.9bn in penalties, with Banxso, the licensed financial-services business linked to deepfake advertising, leading the way

Bank scams. Rawpixel/currency

You’ve been scammed: how to deal with your bank 

South Africans are losing billions to digital banking fraud – and getting nothing back from their banks. Here’s how to take them on

BEC email scam. Rawpixel; Currency

The email that came from the supplier, but didn’t really

Business email compromise is the most damaging financial scam, costing R55.5bn over 10 years. It doesn’t require hacking

Fake token. Rawpixel/Currency

The crypto theft that changed everything

A six-month North Korean con drained $285m from Drift in 12 minutes, exposing DeFi’s central myth: that technology can eliminate trust

SMS bank scams. Rawpixel/currency

How a perfectly faked SMS can empty your bank account

South Africans are bombarded with phishing scams. The tools to curb them exist, but until companies deploy them, nothing will change

Vishing old people. Rawpixel/Currency collage

Inside a vishing call: 41 minutes, R340,000 gone

A vishing call is a product, not a conversation. The UK treats banks as accountable. South Africa still treats the customer as an authoriser

App fraud. Rawpixel/Currency collage

South Africa’s next big scam: APP fraud

South Africa’s instant-payment boom has fuelled a surge in APP fraud – and most firms aren’t insured. Here are 20 ‘safety pins’ to stay safe

Benjamin Mauerberger: Facebook / Rawpixel / Firefly / Currency collage Classroom: Rawpixel / Currency collage

The legend of Benjamin Mauerberger

Benjamin Mauerberger – AKA ‘Ben Burger’, AKA ‘Ben Smith’ – and the life of an alleged criminal mastermind

Scammer cat. Rawpixel/Currency collage

How AI is reshaping financial crime in South Africa

South Africans face a surge in AI-driven fraud. From deepfakes to fake crypto schemes, criminals exploit trust. Here’s how to avoid being caught

Travel scams. Rawpixel/Currency collage

Travel scams take off as Africa heads for the skies

Travel scams are increasing ‘like loyalty miles on steroids’ as hackers notice that millions of unguarded loyalty points are as good as cash