security1FBI consultant and fraud exert Frank Abagnale said that phishing and cybercriminals are abundant in South Africa today, losing the country billions of dollars a year. Michelle Beetar, MD of Experian South Africa, who confirmed that the country lost R1 billion, backed up Abagnale’s statement.

Frank Abagnale’s biography was featured in the film Catch Me If You Can wherein he deceived the American government and stole millions of dollars by impersonating several identities and forging cheques at the age of 19. He was imprisoned and then taken out to help the bureau in catching other fraud criminals. Abagnale said that with the technology today, it is much easier to copy and steal one’s identity.  He encouraged everyone to protect themselves and avoid disclosing personal information online.

Source: Money Web