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

Hustle academies: west Africa’s online scammers are training others in fraud and sextortion

By Suleman Lazarus, London School of Economics and Political Science and Mark Button, University of Portsmouth As the world becomes increasingly connected, digital fraud has evolved from a local problem into a global one. West Africa, particularly Ghana and Nigeria, is witnessing the rise of “hustle kingdoms” – informal academies that train individuals to carry out digital scams. The term “hustle kingdoms” originated from online scammers themselves, used […]

September 12, 2024 50

Science & Technology

Is AI a Blessing or a Curse? Ronald Sangunji Weighs In

By Dilia Mazula As the tech industry progresses, it triggers questions and debates regarding the potential risks, particularly concerning AI. Fears mount over the potential harm that could arise if AI falls into the wrong hands and is wielded for malicious purposes. Numerous online reports have investigated AI's capacity to manipulate and potentially deceive humans, with Deepfakes emerging as a concerning trend. Governments are increasingly apprehensive about […]

May 15, 2024 65

Science & Technology

Phishing scams: 7 safety tips from a cybersecurity expert

Phishers are crafty and their scams are always evolving. weerapatkiatdumrong Thembekile Olivia Mayayise, University of the Witwatersrand Recently, one of my acquaintances, Frank, received an email late on a Monday afternoon with the subject line, “Are you still in the office?” It appeared to come from his manager, who claimed to be stuck in a long meeting without the means to urgently purchase online gift vouchers for clients. He asked […]

December 15, 2023 11