FSC raises alarm on cyber-financial crimes
Friday, June 07, 2024 | 490 Views |
![Ear to the ground: BoB governor, Cornelius Dekop PIC PHATSIMO KAPENG.](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2024/06/07/110954.jpg&w=800&q=72&f=jpg)
Ear to the ground: BoB governor, Cornelius Dekop PIC PHATSIMO KAPENG.
In its latest update, the Financial Stability Council (FSC), made up of the Bank of Botswana, the Non-Bank Financial Institutions Regulatory Authority, the Financial Intelligence Agency and the Finance ministry, said there is a growing threat to online banking systems, revealing that more financial institutions were getting exposed to the risks of being hacked or interfered with by outsiders.
“With the increasing digitisation of financial services, including online banking, mobile payments and digital currencies, cybercrimes pose a significant threat to the financial sector and the economy,” the council said.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...