sabric

Experian - a consumer, business and credit information services agency – has experienced a breach of data which has exposed some personal information of as many as 24 million South Africans and 793 749 business entities to a suspected fraudster. Experian has confirmed that the breach has been reported to law enforcement and the appropriate regulatory authorities. Banks have been working with Experian and South African Banking Risk Centre (SABRIC) to identify which of their customers may have … [Read more...] about Data Breach Compromises 24 Million South Africans Data

SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry noted the resurgence of cash-in-transit (CIT) robberies since the easing of lockdown restrictions in June this year. Despite fears that CIT robberies may be on the increase, there has in fact been a 5% decrease in incidents for 2020 when compared to 1 January to 12 August in 2019. This can be attributed to robust partnerships between ourselves, the cash-in-transit companies, government and law … [Read more...] about Cash-In-Transit Robberies Decline

SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its annual crime stats for 2019 and is pleased to announce that robust mitigation strategies deployed by member banks and partners are showing results. In 2019, associated robberies decreased by 2%. An associated robbery is a violent bank-related robbery of cash or a bank card committed against a bank client en route to, or from a bank branch, ATM or cash centre to make a deposit or … [Read more...] about Some Banking Crime Stats Down

SABRIC, the South African Banking Risk Information Centre is aware of the media statement issued by Kaspersky on the 13th of January 2020 about potential malware attacks on major banks in the sub-Saharan Africa region, entitled ‘Silence before the storm: Russian speaking hacking group is attacking banks in Sub-Saharan Africa’. It states that the threat actors are most likely the Russian ‘Silence’ hacking group which has been responsible for the theft of millions of dollars globally. There … [Read more...] about Despite Hacking Threat it is Business as Usual for SA Banks