IN THE MEDIA

Valentine's Day is fast approaching, and we urge South Africans to be cautious of the fact that social media and dating apps are a focus for fraudsters and scammers who are increasingly using romance scams and social engineering to perpetrate fraud and scams.

While there is plenty of excitement associated with the new year, scammers are very active when it comes to loan scams, bursary and scholarship scams, as well as deals on social media marketplaces.

There has been an increase in banking fraud, with scammers sometimes becoming increasingly aggressive and convincing. It's important to stay vigilant.

Each year, millions of South Africans will log onto the SARS eFiling website or visit their closest branch to complete their tax returns. While this is a very busy time for SARS, it is also a very busy time for scammers. There has been a growing trend of tax scams targeting.

South Africans are becoming increasingly easy targets for fraudsters and scammers who are highly motivated to find their next cyber fraud victim. This is why the SAFPS International Fraud Summit is important as it highlights the fraud landscape, modus operandi - as well as key interventions that can be put in place to combat fraud.

The South African fraud landscape has steadily increased over the past five years, making this one of the top risks South Africans face daily. The 2023 SAFPS Fraud Statistics paint a comprehensive picture of where criminals target consumers and how consumers become victims.