Online Scams Jump as More Africans Go Online - Business Center - PC World
Online scams targeting the financial sector are on the rise in Africa as more people access online banking services and mobile banking.
Phishing attacks are mainly occurring in South Africa where online banking is common, while mobile money theft is common in other parts of Africa where Internet penetration is still low. As a result of the increase, South Africa's Absa bank, the largest in Sub Saharan Africa announced Tuesday that its Internet banking customers can download security software to curb cybersecurity attacks. (See "How to Spot an E-Mail Scam.")
A phishing attack aimed at Absa customers features a plain, yet clever unsolicited message instructing them to follow a link and confirm their account information as a way for criminals to obtain passwords and user IDs.
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online scams, more africans go online, financial sector, online banking
