Business Maverick: Pandemic boost: banking crime activity spiked in 2020

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Cash-in-transit crimes, robberies and burglaries rose after the hard lockdown. The Post Office was a particular target of crooks posing as government officials.

he Covid-19 pandemic has not just been an opportunity for various vultures to feast on the carcass that is the South African state via shoddy personal protective equipment and “communications” tenders such as the despicable Digital Vibes scam.

The South African Banking Risk Information Centre this week released its annual crime statistics for 2020.Indeed it has. For starters, digital banking fraud surged 33% in 2020. “A significant shift that occurred during the year was an increase in the success rate of incidents. 54% of incidents in 2020 were successful while only 40% of incidents in 2019 were successful. Through analysis, it was determined that suspects made use of more explosives or multiple explosions to breach safes,” Sabric said.

Cash-in-transit robberies were initially quelled by the initial hard lockdowns and then shot up – a possible case of pent-up criminal demand.

 

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So were all SA taxpayers eish

Or do you mean government officials posing as crooks?

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