Banks review security measures as cyber crime menace grows

Criminals are getting more sophisticated, warn SA's major banks, as they pilot debit-order system DebiCheck to fight SIM-swap fraud

SA’s major banks are reviewing their online security measures to combat increasingly sophisticated cyber crime.

Absa,  which recently had to refund one of its clients the R3.1m   stolen from his account as a result of SIM-swap fraud,  says this is just an isolated incident.