Browsing: Nischal Mewalall

The process to develop a digital identity system for South African citizens still has a long way to go.

TechCentral asked Sabric CEO Nischal Mewalall about banking app kidnappings and how people can protect themselves.

There was a sharp increase in attacks on ATMs in 2021, and while incidents of digital banking fraud declined, the value extracted by criminals soared, according to Sabric.

Following the cyberattack on credit bureau TransUnion, banking risk centre Sabric has said it is working with banks to protect consumers.

A banking industry body has warned South Africans that possession of dye-stained bank notes looted from ATMs in this week’s political-inspired anarchy could land them in serious trouble.

Credit bureau Experian has suffered a huge data breach, exposing the personal information of as many as 24 million South Africans and almost 800 000 businesses to a “suspected fraudster”.