South Africa records 600% increase of fraud cases in four years
The Southern African Fraud Prevention Service (SAFPS) has reported a significant increase in fraud cases in South Africa. Between 2018 and 2022, incidents of fraud reported by SAFPS members saw a staggering 600% rise. In response to this growing problem, the SAFPS has launched a fraud prevention protocol called Yima. Yima aims to educate the public about fraud prevention and provide tools to combat scams. The Yima website will serve as a central platform for South Africans to report scams, secure their identities, scan websites for scam vulnerabilities, and educate themselves on identifying scams. The website will facilitate the reporting of suspicious activities, such as fake online shopping websites or fraudulent banking information, which will be shared with law enforcement for investigation. Users will also have access to a scams hotline, allowing them to report fraud incidents directly to their banks, retailers, or insurance companies through a single number. Furthermore, Yima users will benefit from the consumer products and services provided by the SAFPS. The rise in fraud cases has also led to South Africa being identified as the cybercrime hub of Africa, with over 230 million incidents recorded according to INTERPOL's report.
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