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Banking clients were collectively robbed of R180m in 2010, the Johannesburg Magistrate's Court has heard, according to a report.

Phishing email scams, where a hacker uses a disguised address to get an internet user to install malware, have risen 87% worldwide in the past year.

A Fin24 user wants to spare someone else the horrifying few minutes she endured when a scammer posing as a Microsoft technician cleaned out her account.

A leading anti-virus company says the high number of phishing attacks highlights the need for proper protection to keep clients' money safe from fraudsters.

Microsoft says South African consumers should be on high alert for scams similar to one which nearly cost a Fin24 user thousands of rands.

SA accounts for 5% of the total volume of phishing attacks globally and it’s not a matter of if you or your company will be a target, but when, warns an expert.

A Western Cape man has lost R119 000 after falling victim to an email and text message scam that tells consumers they’ve won money in a UK Coca-Cola lottery draw.

Scam emails and text messages that try to trick consumers into thinking that they have won a UK Coca-Cola lottery draw has Fin24 users annoyed.

Standard Bank customers, and especially those who do not pay attention to their UCount points, are being targeted by fraudsters.

More reports of a phishing scam that targets Standard Bank customers and users of the rewards programme UCount have emerged.

The good news is that Standard Bank paid back the money after a victim was defrauded of his first salary in a year-and-a-half by online scammers.

Spoof emails that appear to be sent from organisations' top executives to trick finance staff into making illegitimate wire transfers are on the rise, reveals a survey.

As our computers need protection against malware, so too do people need the protection of understanding of how easily we are taken for fools, says Ian Mann.

Given the prevalence of banking scams, consumers need to be aware of online banking fraud to to protect themselves. Here are nine scams to be on the lookout for.

A man who lost R1.8m from his bank account is part of a growing group of outraged clients gearing up for a legal fight with banks.

People with certain personality traits are more likely to fall prey to phishing e-mails, researchers have found.

The website domain belonging to the predecessor of the body responsible for registering companies and keeping a business registry and contact details of their directors has been scooped up by a man from Mexico.

Digital technology has provided new ways for criminals to commit digital banking crimes, warns the SA Banking Risk Information Centre.

The banking industry has warned customers to always be vigilant of banking scams, especially when prompted for personal information.

South African Banking Risk Information Centre CEO Kalyani Pillay says she has led an agile and growing organisation that assists banks through a unique model to improve security.

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