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
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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