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phishing attack

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Responsibility for payment loss arising from phishing attack

Photo of Patrick Bracher (ZA)
By Patrick Bracher (ZA) on November 11, 2024

In November the Western Cape High Court found, on the evidence, that the person who had paid money into the wrong bank account because of responding to a false email bore the loss of R866,726.25. The judgment is based on the law that the debtor bears the risk in making a payment to ensure that…

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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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