Cloned SASSA Grant Cards Drain R100M from Postbank: SA’s Biggest Bank Scam
In a startling revelation, a criminal syndicate has successfully carried out a R100 million theft from Postbank, one of South Africa’s major financial institutions. The sophisticated scam involved hacking into the South African Social Security Agency (SASSA) database, stealing personal information of grant beneficiaries, and creating cloned grant cards. The fraudsters used these fake cards…