ABSA REPORTS BIG JUMP IN DIGITAL AND CARD FRAUD Financial services group Absa on Monday reported a 122% increase in total operational risk losses to R535 million, mainly due to increased litigation reserves for historic cases recently concluded. Plastic and digital fraud losses remain as the major contributor to operational risk losses, the bank said in reporting its financial results for the year ended December 2018. Looking head, Absa said that strengthening of fraud capabilities, in particular over digital channels, is a key focus for the financial year ahead. The bank has seen continued growth in digital adoption by customers across a number of channels including iATM (withdrawal and deposits), Mobile Banking, POS and internet banking. Transactional