Warning to South Africans with banking apps on their phones

• South Africans are advised to be cautious when using banking apps on their phones due to the risk of kidnapping and forced transactions by criminals.
• The risk of banking customers being targeted through social engineering techniques and malware is a growing concern, with Absa and FNB reporting an increase in such incidents.
• The banks have established measures to detect and report incidents, and are working with authorities to combat the issue, with FNB being a strategic enabler in the fight against kidnapping and forced transactions in South Africa.