She urged staff to be vigilant regarding checking a sender’s email address very carefully should they receive an email instructing them to make a payment. Often, the address will only differ by one or two characters,” Potgieter said. Companies and even smaller businesses are advised to not put email addresses online, be it business or personal.
Sabric said that online banking scams had risen by 75% over the last year. Cyber crime is the biggest threat to online banking. The fraudsters in many instances paid an insider to enable them to obtain information.
A NewsHorn client in Malalane’s vigilance saved her own company almost half a million rand. Scammers tried to obtain a banking loan in the name of Coastal Hire.