RAT Attacks Are on the Rise: What South Africans Need to Know About the New Face of Banking Fraud
By News SA Correspondent:
Image demonstrating the current RAT attacks taking place
One of the fastest-growing and most dangerous scams targeting South African consumers involves something many people have never heard of: RAT attacks. A new generation of banking fraud is emerging in South Africa, giving criminals real-time control over victims’ devices. This article unpacks RAT attacks, a growing form of banking fraud that lets fraudsters access and manipulate customers’ devices remotely.
According to Bonolo Sebolai, Head of Fraud at TymeBank, these scams rely on tricking customers into giving criminals direct access to their devices. “RAT scams are particularly dangerous and extremely sophisticated because they are designed to use the device at the same time as the...