Since November 2019, FNB stokvel customers have continually increased saving via a stokvel surpassing the R8.3 billion mark in total member contributions. The growth is a potent indication of the Stokvel members’ financial tenacity in the face of a challenging economic climate.
Cyber criminals stole over R740 million from unsuspecting users through digital banking fraud in 2022.
This is according to the latest banking fraud statistics from the South African Banking Risk Information Centre (Sabric).
Tie this in with the article on systemic risk and cyber insurance. 5min read