Courier and delivery fraud is the most common type of scam in South Africa, ahead of email phishing, investment scams, and social media scams.
The growth in this type of scam comes as online shopping becomes increasingly popular, particularly for groceries and basic necessities.
It is also one of the more difficult types of scams for financial institutions to combat, with it involving false SMSes, emails, and in-person scams.
This was revealed by Discovery Bank and Visa in the SpendTrend26 report, which analysed consumer spending behaviour over the past year.
The report is based on 2.6 billion transactions from over 20 million credit cards, Discovery Bank client data, and a 1,000-person survey.
Read Full Article:: https://dailyinvestor.com/banking/131556/warning-for-south-africans-who-shop-online-and-get-deliveries-to-their-house/
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