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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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