Beware the ‘money bomb’ and other festive season scams

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The SA Banking and Risk Information Centre (Sabric) has warned the public not to let their guard down during the festive season as criminals are on the prowl.

Something as improbable as a social media account could let criminals into your bank account‚ experts warned at a festive season awareness briefing in Cape Town on Wednesday.

Kalyani Pillay‚ CEO of the organisation‚ said criminals were getting sophisticated — and their tentacles now extended to social media.

“Criminals are masters of social engineering and know just how to exploit human vulnerabilities to perpetuate crimes‚ particularly over the festive season when victims tend to let their guard down‚” said Pillay.

Philani Nombembe 

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