In the wake of the recent high-profile cyber attack on one of the country’s largest financial institutions, it has become clear that stronger regulations are needed to ensure financial firms disclose when their systems have been breached.
The hack resulted in the theft and public leaking of sensitive customer and operational data, putting thousands of Zimbabweans at risk of identity theft, fraud and other malicious activities.
Read more…
Source: Zimbabwe Independent
Related:
- Zimbabwe faces alarming rise in cyber attacks amid bank hacking
October 3, 2024
Zimbabwe has witnessed a significant surge in cyber attacks in recent months, with local entities, including banks, falling victim to hacking, the country’s Minister of Information Communication Technology, Tatenda Mavetera has revealed. Mavetera said the threat is also a local phenomenon, citing recent bank hacks in the country. Mavetera stated that cybercrime is not just a ...
- Zimbabwe: Disclosure of cyber attacks must be mandatory to protect clients
August 9, 2024
In the wake of the recent high-profile cyber attack on one of the country’s largest financial institutions, it has become clear that stronger regulations are needed to ensure financial firms disclose when their systems have been breached. The hack resulted in the theft and public leaking of sensitive customer and operational data, putting thousands of Zimbabweans ...