Internet, Mobile Banking Fraud Increases In South Africa, Zambia
A recent banking services report by the Ombudsman for Banking Services in South Africa has indicated that the Internet and mobile banking fraud activity is rising in Southern Africa, reports The Paypers. The report indicates a threat to the banking services in the region. Fraudulent activity has increased by three percent in online banking and eight percent in mobile banking. The increase in fraud charges has lead to large financial losses.
