SA banks concerned about hacked accounts
The SA Banking Risk Information Centre is worried about a security breaching leaking personal details.
CAPE TOWN - The South African Banking Risk Information Centre (Sabric) is gravely concerned over a security breach that led to personal bank card details being leaked and personal accounts being hacked, officials said on Monday.
The breach occurred at a company that handles online transactions.
It is unclear exactly how many cardholders' details were accessed.
Sabric's Kalyani Pillay said such security breaches in the banking sector were not common in South Africa.
"It's a worry that it happened. But I think from a banking perspective, banks take every single bit of precaution and are constantly looking at ways they can better secure their systems."