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Credit card fraud increased by 23% from R366 million in 2013 to R453.9 million in 2014, says Sabric.Credit card fraud increased by 23% from R366 million in 2013 to R453.9 million in 2014, says Sabric.

Criminals misuse online application channels provided by banks, entering fake details to open multiple credit card accounts.

Tags: Credit card fraud , Sabric