'Personal info theft is a global issue'

A businessman revealed how his bank statements were sold off allegedly by bank employees.

A businessman revealed how his bank statements were sold off allegedly by bank employees. Picture: sxc.hu.

CAPE TOWN - The South African Banking Risk Information Centre (Sabric) says personal information theft is an increasing problem around the world.

A Cape Town businessman revealed to Eyewitness News how his bank statements were sold off allegedly by bank employees.

The businessman says he has learnt some bank employees can make up to R50,000 in six months by simply selling client information to outsiders for as little as R50 a statement.

Sabric's Kalyani Pillay says it is becoming increasingly challenging to protect personal information from landing in criminal's hands.

She says criminals can cause financial mayhem by not only accessing online details, but also if they get their hands on discarded documents.

"The people who are known to steal this information go into dustbins, looking for documents."

She suggests shredding documents as it is a safe way to get rid of them.

Pillay added that many consumers are wary about online fraud and the prevention of card cloning.

"It's a global problem and we have to be absolutely vigilant in how we deal with our personal information."