Africa Links 24 with Shania Lazarus
Published on 2025-04-01 18:00:00
Namibians lost N$50.7 million to fraudsters in 2024, a N$4.7 million increase from N$46 million in 2023.
The majority was lost through electronic fund transfer (EFT) fraud, which made up N$29 million.
According to the annual report from the Bank of Namibia (BoN), these attacks often take the form of fraudulent emails, text messages, phone calls or websites that appear legitimate.
“[The losses were] largely due to phishing attacks, where individuals are deceived into divulging…
Read the Full article on The Namibian
