What to do if your personal information was exposed in a data breach

With R2.4 billion lost to digital scams last year, it’s time to take charge of your online security

R2.4 billion. That is how much South Africans lost to digital banking scams last year. According to a report by the South African Banking Risk Information Centre (SABRIC), banking app-related crime accounted for about 89% of reported cases and 70.5% of the total client claim amount.

SABRIC said criminals used tactics including impersonation, phishing, remote-access software and false payment instructions to trick customers into sharing sensitive information or approving transactions.

Here are five practical steps to secure your passwords, spot impersonation scams, monitor your accounts and reduce the risk of identity fraud.

If your details may have been exposed, updating your passwords is one of the fastest ways to reduce risk.