BY YESMAN ANTOH, ADDITIONAL INFO FROM XINHUA-
NEW AFRICA BUSINESS NEWS, Accra, Ghana- THE CHIEF Executive Officer of South African Banking Risk Information Center (SABRIC), Kalyani Pillay, reports that cash-in-transit (CIT) robberies has decreased by 22% in 2018 from 2017, but cyber crime is on the rise.
“We are pleased that cash-in-transit robberies decreased by 22% from 376 to 292 incidents from 2017 to 2018,” Mr Pillay stated.
According to her, cash losses also showed a decrease of 22% for the same period.
She said the decrease in CIT was as a result of collaboration between the police, CIT companies and the banks. Ms Pillay noted that cyber crime increased in 2018 compared with the previous year.
Credit card fraudulent transactions across the country were 27.2 million U.S. dollars in 2017 and 32.4 million U.S. dollars in 2018 which, an increase of 18.4%.
“To have any significant impact on the fight against all of these crimes, the collective efforts of banks, bank customers and law enforcement are imperative,” Pillay said.
SABRIC advised clients not to click the links sent to them by criminals purporting to be banks, constantly change PIN numbers and be alert all the time.
BY YESMAN ANTOH, NEW AFRICA BUSINESS NEWS, BUSINESS & POLITICS, GLOBAL CORRESPONDENT – ADDITIONAL INFO FROM XINHUA
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