Cape Town - Credit card fraud nearly doubled to R403m in the 2009/2010 financial year, a study by the SA Banking Risk Information Centre (Sabric) has found.
In the report, released on Tuesday, Sabric said the amount increased from R263.8m last year as the expanding credit card market gave fraudsters more opportunities for scams.
"Credit card fraud occurred in all the provinces in South Africa although some provinces experienced more card fraud than others," it said.
"Gauteng, KwaZulu-Natal and...
In the report, released on Tuesday, Sabric said the amount increased from R263.8m last year as the expanding credit card market gave fraudsters more opportunities for scams.
"Credit card fraud occurred in all the provinces in South Africa although some provinces experienced more card fraud than others," it said.
"Gauteng, KwaZulu-Natal and...