TechInAfrica – In this festive season, being inseparable from more transactions, particularly as individuals commonly have more cash during this season, the more noteworthy the probability there is of fraud occurring. According to PwC’s Global Economic Crime and Fraud Survey 2020, South Africa becomes the third-most country that experiences mobile fraud.
Nicho Bouma, CIO at [email protected], recommends customers to only use the popular and secure digital channels when making payments such as a banking site or app, trusted payment portal, or mobile payment apps like SnapScan and Masterpass where strict security protocols are in place. This recommendation aims to prevent South Africans from becoming victims of cybercrime.
Bouma suggests those who are worrying about utilizing the online channels to make their payments at retailers like Checkers, Pick n Pay, Spar, Pep, and others. Along these lines, they can pay to utilize money or a card and won’t need to stress over uncovering their card or banking installment details while paying their bills.
He likewise urges customers to carefully investigating their bills and to pay attention to inconspicuous contrasts, such as incorrect spelling and obscured logo or one with slightly different colors; the consideration of various financial details; or a various email address with little changes (.com or .organization rather than .co.za).
“By using a payment aggregator, for example, business owners – and their customers – can receive real-time payment confirmation regardless of the payment option used and can have the settlement of these payments guaranteed. Additionally, payments are supported by detailed transaction-level reporting.”
Bouma finishes up, “while it has been a wild and tiring year, I ask shoppers and entrepreneurs not to let their guard down over this happy season. Unfortunately, 2020 has affected various individuals monetarily who, in their distress to enduring, are going to wrongdoing. Be protected and security shrewd.”