Best of 2024: Massive fraud devastates scores of Standard Bank clients – Horror stories revisited
Earlier this year, Standard Bank customers faced a wave of alleged fraud that left many devastated, with salaries wiped out and accounts blocked. Social media exploded with stories of hours-long waits on the Fraud Line, unauthorized transactions exceeding limits, and claims of internal security breaches. Heartbreaking tales, like one customer losing R10,000 to Brazilian transactions on an unused card, highlighted the crisis. As Standard Bank responded with reassurances, questions about their fraud prevention measures and leadership lingered. Revisit this explosive report on what went wrong and the voices demanding accountability.
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Massive fraud devastates scores of Standard Bank clients – Highly-paid execs slammed, leadership attacked
By Chris Steyn
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