Bank Fraud & Financial Crime
Banking fraud trends — digital threat vectors, loss momentum, and category risk.
Total banking fraud losses
R3.5bn
SABRIC annual reported losses
SIM swap incidents
39
Account takeover vector
Top loss category
Online banking
R634m estimated
Fraud categories tracked
7
SABRIC annual taxonomy
YoY loss momentum
+6.1%
2023 → 2024 (R bn)
Moderate growth
Digital fraud share
77%
Card-not-present, online, SIM swap, BEC, scams
Avg loss per incident
0
Across all reported categories
SIM swap loss / incident
R0
Highest-impact takeover events
Losses by fraud type (R millions)
Incident volume by category
Total fraud losses trend (R billions)
Sources: SABRIC Annual Report · FSCA public warnings · SIU reports· Updated 29 Jul 2026