Consumers should be aware of 419 scams

Staff reporter So-called 419 scams, targeting the most vulnerable and poor, are, according to Non-Governmental Organisation (NGO), South African Fraud Prevention Services (SAFPS), on the rise. Recent research found that fraud was at an all-time high with almost a quarter of digital banking users falling victim to scams, the most prevalent of which were advanced fee loans, pre-qualified loans or credit card scams. Many people are still unaware of the risks these scams pose and, as our economy shrinks and unemployment surges, desperation makes people easy targets. Tragically these scams…

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