News
Supplementary Budget June 2020
During his supplementary budget speech, the Minister of Finance, Tito Mboweni, called on South Africans to confront the problems facing the country head-on. Yet, there was little detail in the budget on the structural reform and growth enhancing policies that are urgently required for any realistic chance of South Africa achieving a reduction in unsustainable government debt and a primary surplus by 2024.
Read MoreTips to Prevent Phishing and Vishing Phishing
Today we’re tackling the issue of how to avoid phishing and voice phishing (vishing). You can learn about other similar threats—and how to prevent this type of cyber crime.
Read MoreTips for Protecting Your Personal Information
Protecting your personal information can help reduce your risk of identity theft. There are four main ways to do it: know who you share information with; store and dispose of your personal information securely, especially your Identity number; ask questions before deciding to share your personal information; and maintain appropriate security on your computers and other electronic devices.
Read MoreTips for Protecting Yourself Against Sim Swops
The fraud is known as SIM swapping, and it can be used to take over your financial accounts. SIM swapping relies on phone-based authentication. In a successful SIM swap scam, cybercriminals could hijack your cell phone number and use it to gain access to your sensitive personal data and accounts.
Read MoreTips for Carrying Cash Safely
Carrying large sums of cash increases your risks of becoming a victim of a robbery. So, whether you're an individual, a business, a savings club or a stokvel, we have tips to help you carry cash safely.
Read MoreTips to prevent Card Not Present (CNP) Fraud
Card-not-present fraud (CNP) is the leading contributor to gross card fraud losses, which occurs when a person’s card number is used fraudulently by someone else to make a purchase while the physical card is in their possession.
Read MoreSabric Annual Crime Stats 2019
SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its annual crime stats for 2019 and is pleased to announce that robust mitigation strategies deployed by member banks and partners are showing results.
Read MoreJune Update: COVID-19 Loan Guarantee
South African banks have approved just over R7 billion in loans for 4 800 qualifying small businesses, since the Covid-19 Loan Guarantee Scheme was launched in mid-May. This amount is expected to grow as the number of applications for loans continues to increase.
Read MoreSABRIC Welcomes New CEO
The South African Banking Risk Information Centre (SABRIC) is delighted to welcome Nischal Mewalall, who today starts his tenure as CEO.
Read MoreMay Update: COVID-19 Loan Guarantee
In the two weeks between 09 May and 23 May 2020, Banking Association South Africa (BASA) members extended an additional R3 billion of debt relief to individual customers experiencing financial distress due to the Covid-19 pandemic and national lockdown. This brings the cumulative amount of relief offered by BASA members since they started assisting individuals to R14,48 billion.
Read More