ZAA report by the South African Banking Risk Information Centre (SABRIC) reveals that banking apps were responsible for 89% of reported digital banking crime cases in 2025, contributing to R1.7 billion in client losses. While internet banking accounted for fewer than 9% of cases but 28.6% of the total claim value, mobile banking was involved in less than 3% of cases. SABRIC clarified that these crimes did not involve hacking banking apps or bank systems, but rather occurred when criminals impersonated trusted entities and manipulated users into fraudulent transactions. Overall, there were 110,074 digital banking crime incidents in 2025, resulting in R2.41 billion in claimed losses, a 29.2% increase from 2024.
Bias read (Center): The article presents factual data from a reputable source (SABRIC) regarding digital banking crime trends without overtly criticizing or praising any political entity, party, or ideology. It focuses on economic and technological issues without taking a clear ideological stance, thus maintaining a 'C
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