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Johannesburg -
Only days after the South African Banking Risk Information Centre (Sabric) expressed concern about the increase in information or identity-theft scam (phishing) attacks, on Friday a representative admitted there was not much Sabric could do about it.
Sabric spokesperson Bongani Diako said Sabric itself is not doing anything to catch offenders. All cases are referred to the police.
The banks themselves track false websites and shut them down if they can, but they do not keep statistics of this activity.
Sabric chief executive Kalyan Pillay has acknowledged that action is becoming increasingly difficult, because false websites look more and more like the genuine article.
She expressed concern about the rising incidence of phishing, which is three times more prevalent than at the end of 2009.
Every year banks lose millions as a result of phishing attacks through clients providing confidential information in response to questions.
Although from Sake24's information it appears that Absa clients are targeted the most by such attacks, Diako says that it's not necessarily only one bank's clients that are being victimised.
- Sake24.com
For more business news in Afrikaans, go to Sake24.com.