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
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

Have a Story? Send Us a tip
arrow up