South Africa Digital Banking Losses Soar as App Scams Cost R2.4 Billion
South Africa’s digital banking crime problem reached a worrying new level in 2025, with reported client losses climbing to R2.4 billion. According to the South African Banking Risk Information Centre (SABRIC) 2025 Annual Crime Statistics Report, these losses were spread across 110,074 reported incidents, showing how frequently criminals are targeting bank customers through digital channels….