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Cybercrime Update: SCA Confirms Debtors Bear the Risk of EFT Payment Fraud

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By Daniel Breier on July 4, 2025

In a June 2025 Supreme Court of Appeal decision, the court confirmed that when paying by EFT, a debtor is responsible for ensuring that payment is made into the correct bank account and will bear the risk of any misdirected EFT payments resulting from cybercrime.

The case involved a contract between two motor vehicle dealerships…

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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