Standard Bank Namibia Responds to Hacked Accounts and Unauthorised Transactions

Standard Bank Namibia Responds to Hacked Accounts and Unauthorised Transactions

Standard Bank Namibia has confirmed that a number of its clients’ accounts were hacked, resulting in unauthorized debit card transactions from a specific vendor. The bank issued a statement acknowledging the breach and stated that it had detected the fraudulent activity on a limited number of accounts. The allegations began circulating on social media on Sunday evening. In response, the bank has engaged with affected customers and taken immediate corrective […]

November 12, 2024 48

Africa

Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential

Data-Driven Transparency and Compliance in the Digital Financial Ecosystem in Africa. In an era defined by digital transformation, data has become the cornerstone of innovation and progress, particularly within Africa's burgeoning financial landscape. With Sub-Saharan Africa spearheading the global adoption of Mobile Money, boasting over 218 million active accounts according to GSMA's State of the Industry Report on Mobile Money 2023, the region stands poised to leverage […]

February 20, 2024 13