South African mobile users are sitting ducks for criminals, who are given the keys to steal their airtime and hijack their mobile number.
What is even worse is that mobile users can do nothing about it. Instead, they just have to wait until they become a victim and hope the damage is not too significant.
Considering this state of affairs, it is not surprising that millions in airtime is stolen from South Africans each month and that online banking fraud is skyrocketing.
The South African Banking Risk Information Centre’s (SABRIC’s) annual crime statistics for 2018 reflected a 75.3% increase in online and mobile banking fraud.
Last year alone, R263 million was stolen from over 23,000 South Africans after their mobile numbers were hijacked and their banking details compromised.