Capital Bank foils hacking attempt
Friday, February 24, 2017
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.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...