Capital Bank foils hacking attempt

Capital Bank could have lost millions to fraudsters
Capital Bank could have lost millions to fraudsters

Capital Bank Botswana recently foiled an attempt to hack its swift account in which the bank could have potentially lost millions of pula in what seems to be an emerging fraudulent activity affecting many local banks.

BusinessWeek has learnt that the hackers tried to compromise the bank’s swift account by using malware (malicious software) downloaded from an internal email.

Swift is an acronym for the Society for Worldwide Interbank Financial Telecommunication that provides a network that enables financial institutions worldwide to send and receive information on financial transactions.

Editor's Comment
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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