Tag: Sabric

How Bank Zero plans to deal with card fraud, data theft ahead of launch

According to South Africa Banking Risk Information Centre (SABRIC) bank card holders suffered theft to the tune of R873 million in 2018. As Bank Zero prepare to launch public operations in the first half of 2020, it says it has developed a new patented card which offers vital security and convenience" that will minimise card data theft and skimming. Bank Zero Chair, Michael Jordaan joins CNBC Africa for more.

Sabric reassures consumers as banks are hit by ransom attacks

The South African Banking Risk Information Centre (Sabric) confirmed that South Africa bank industry had experienced a series of Distributed Denial of Service attacks on banks. Sabric says that it’s not a hack or data breach so the questions is what is it and what’s the worst case scenario? CNBC Africa's Karabo Letlhatlha spoke to Sabric acting CEO, Susan Potgieter for more.

How best to minimise risk of identity theft on online banking platforms

The use of online banking poses risks of identity theft, yet carrying cash can also cause major problems – what is the solution? Joining CNBC Africa is Kevin Twiname, Head: Service Delivery at SABRIC.

Protect yourself from ATM fraud

Criminals use various methods to commit ATM fraud, so it is imperative that bank customers be aware and take the necessary precautions.