It starts with a friendly message, a too-good-to-be-true deal, or a panicked email that looks just like it came from your bank. One click later, and you’ve handed over more than you bargained for. Online scammers are slick, sneaky, and getting smarter every day.
According to the South African Banking Risk Information Centre, online fraud has seen a worrying rise, especially with the increase in online shopping, digital banking, and remote work. From fake investment schemes to impersonation scams, the digital streets can be as risky as the real ones—if not more, states the publication.
So, how do you dodge the digital crooks? Start by trusting your gut if something sounds off or feels rushed, hit pause. Whether it’s a “too good to miss” job offer or a random stranger declaring undying love (after three DM’s), slow down. The Norton website recommends never sharing personal information or banking details over unsecured platforms or with people you haven’t met in person.
Double-check URLS before clicking—scammers often use lookalike web addresses to fool you. When shopping online, use verified payment methods and avoid direct bank transfers. BankServAfrica encourages enabling two-factor authentication on banking apps and keeping passwords strong and unique.
One golden rule? No legit company will ever ask for your PIN or OTP via phone or email. If they do—run, don’t reply.
In a world where even your granny is on WhatsApp and everyone shops online, staying scam-savvy is essential. A little caution goes a long way in keeping your money—and your peace of mind—right where they belong, because in the digital jungle, street smarts are just as important as Wi-Fi bars.
Also see: The best online trading platforms for South African investors in 2025
