Card fraud spikes in W. Cape
Sabric says card fraud cases are decreasing around the country - except for in the Western Cape.
CAPE TOWN - The South African Banking Risk Information Centre (Sabric) on Tuesday said card fraud across the country was on the decrease - but it warned things did not look good for the Western Cape.
Sabric officials and the Hawks held a briefing in Cape Town earlier.
Between January and September 2011, the country's banks recorded more than R580 million in credit and debit card fraud, but in 2012 things look slightly more positive.
Sabric CEO Kalyani Pillay said they only reported just over R500 million in losses for the same period.
However, research shows general card fraud is up by more than 20 percent in the Western Cape.
Pillay said the province's card fraud hot-spots included Stellenbosch, Milnerton and Gugulethu.
Hawks spokesperson Jerome Hardenberg presented pictures and videos of criminals targetting ATM users with skimming devices, a slight of hand and some manipulation.
He warned culprits were becoming more hi-tech in their illegal practices.