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.
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.
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.