Sabric warns of fraud syndicate

Sabric says people are being duped by an old email scam that’s now resurfaced.

Sabric says people are being duped by an old email scam that’s now resurfaced.

CAPE TOWN - The South African Banking Risk Information Centre (Sabric) says many people are still being duped by an old scam, that's now resurfaced.

Scammers are sending e-mail notifications pretending to be a supplier, claiming their account details have changed.

The fraudsters then provide their own banking details.

Sabric's Kalyani Pillay says people must check before they make any deposit into an unknown new bank account.

"Contact the company themselves. They are receiving communication, pick up the phone, phone the company and ask for somebody that you know in that company. Verify whether they have actually changed their bank account."