3 Ways to Stop Payment Fraud

3 Ways to Stop Payment Fraud

ITWeb Africa

In April 2023, three former bank employees received jail sentences of 15 years each for R190m JSE fraud. The trio accessed JSE portfolios without authorisation, making changes to the banking portfolio and transferring funds to their own portfolios. In December 20, 23, a former accountant from Boksburg was sentenced to 50 years after allegedly stealing over half a billion rand from her employer over a period of 13 years.

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