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THE INVISIBLE HEIST (Part One): How commercial crime quietly became SA’s most dangerous growth industry

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This is Part 1 of a four-part Daily Maverick series. Look at the police-issued table of South African crime statistics, and the picture is, cautiously, improving. Murder is down. Robbery is down. Sexual offences are down. Car theft is down. Then your eye lands on commercial crime — and the line goes in only one direction. According to Daily Maverick’s analysis, the commercial crime statistics have...
The article raises concerns about the opacity of institutions regarding commercial crimes, particularly digital banking fraud. This lack of transparency prevents the public from understanding the extent and impact of these crimes, and potentially allows institutions to cover up large payments to criminal actors. The article also suggests a cultural reluctance among institutions to admit that digital banking is less secure than traditional methods. Patterns detected: ARC-0043 Motte-and-Bailey, AR...