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COVID-19 and Cyber fraud

Lockdown causes Virtual Scams on Personal Loans to Rise

Sourced from Republic Title The coronavirus pandemic has resulted in the increase of activities, businesses, and transactions in the virtual world. For scammers, this has not been an exception. According to a survey conducted by credit bureau TransUnion, virtual scams have increased in South Africa due to the quarantine regulations that South Africans had to face. It is important to remember that just the mere fact of being Internet users and by performing different operations from a computer, we are already vulnerable to being hacked. This doesn’t mean users should be scared. In fact, it is fundamental to take into account certain aspects at the moment of perform financial transactions, or requesting for credit or a loan in order not to fall into this type of virtual traps.  In the f...