Criminals are targeting South Africans who use the tap-and-go functionality on their cards to make payments.
“As you tap, that person taps your card, and the money comes off twice—once for the petrol and once for the fraudster. It’s an incredibly easy scam to perpetrate as well. All you need is a credit card machine in your pocket, and you can take any amount you want from someone’s card.”A particular concern is that many cards don’t have a limit, with users allowed to pay upwards of R10,000 with a tap of their card.
Some banks allow customers to disable the tap functionality in their cards, which Frost said is the best way to ensure financial security. “Your mobile phone has more security, and when you tap it, the phone will only allow the amount to come off once. After that, any additional taps will fail, which will prevent this type of fraud from happening.”“Then bolster this by making the tap amount on your phone small so you can protect yourself from the outset.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
South Africa: ANC-Aligned Cosatu Confirms It Is an Enemy of Unemployed South AfricansPress Release - A statement released yesterday by the ANC proxies in labour federation COSATU is a timely reminder that the ANC alliance - composed of the ANC, COSATU and the SACP - is the primary enemy of the 10 million unemployed people in South Africa. What a nonsensical article. It does not even quote COSATU’s statement nor give a chance for COSATU to comment. If this is an op then your platform should say so and indicate who is the author. Otherwise this platform is little better than graffiti on a bus station.
Source: allafrica - 🏆 1. / 99 Read more »
Source: allafrica - 🏆 1. / 99 Read more »
South Africa: Tributes Pour In for South African Actor Mpho Sebeng After Tragic Car CrashSouth African actor Mpho Sebeng tragically passed away in a car accident on Sunday morning in Potchefstroom. The news was confirmed by his family in a statement later that evening.
Source: allafrica - 🏆 1. / 99 Read more »
Source: allafrica - 🏆 1. / 99 Read more »
Source: htxtafrica - 🏆 42. / 51 Read more »