Browsing: Postbank

Banks that can’t stay on top of credit card fraud risk losing customers as well as incurring reputational damage over and above the financial implications of being defrauded. Moreover, credit card fraud appears to be on the rise. These are the views of Colin Hill, senior solutions manager for financial crimes and risk management

The theft of R42m from the SPost Office’s financial institution, Postbank, was condemned by parliament’s communications portfolio committee on Monday. Portfolio chairman Eric Kholwane said the bank’s security network needed to be tightened to prevent such a “hi-tech cyber heist”. He appreciated