Over ZWL$200 000 has vanished from Nyaradzo Funeral Services’ account in a case the police believe to be card cloning or card theft.
NMB Bank has issued a notice to its customers regarding the card cloning messages circulating on social media.
Standard Chartered has been sending educational emails to their clientele for a while now and in one of the recently shared emails, they addressed the issue of card cloning – […]
Back in February the RBZ governor demanded that banks start issuing out EMV compliant cards in a bid to prevent the epidemic that is card cloning. If the banks did […]
By going cashless the government was supposed to end the gruelling queues and demand for cash and make it easier to transact. What’s happened in reality isn’t that simple. Transacting […]
A widow in Bulawayo lost over $40 000 in the most recent case of card cloning. Timmy Kuzhangaira allegedly cloned her late husband’s bank card details before going on to […]
Card cloning has slowly become a phenomenon for most of 2018. The cyber-crimes are on a rise and because the public was never prepared to actually safeguard themselves criminals are […]
Due to the rise of Card Cloning in the country in recent months, People’s Own Saving Bank (aka POSB) is now taking steps in order to ensure they help customers […]
Steward Bank has issued a notice warning its customers about the increased risk of transactions involving credit and debit card cloning (card cloning). The Customer Notice is asking customers to […]
A report published last week by the Zimbabwe Republic Police of the rising cases of debit card cloning symbolizes one of the major risks of using the “plastic money”. Chief […]
There was obviously a serious meeting on security over at NMB Bank. We are now seeing the resolutions that were made at that meeting come to life. Just yesterday we […]
NMB Bank has announced that it will be phasing out its old NMB Access Debit cards at the end of the year. The switch is meant to usher in the […]
As far as I know, I have never owned a Telecel line and seeing as y’all were upset that I was “bashing” the country’s smallest mobile network operator for its […]
The magnetic strip of magstripe swipe card was invented by IBM engineer Forrest Parry with invaluable help from his wife back in 1969. It has been the basis of bank […]
Bumping up the security!
Time to replace your card.
Time to switch to a chip card if you haven’t already.
A member of the Techzim community (who is a First Capital Bank customer) reached out to us saying that they were in town one day and were paying for their […]
Natwest, a UK Bank has begun testing out a new security standard in their bank cards; biometrics. That’s right we’ve slowly become accustomed to fingerprint sensors on our phones and […]
Tucked in the latest Monetary Policy was a statement by the RBZ governor that 80% of card infrastructure in Zimbabwe was EMV compliant. The governor also expressed his preference for […]
It seems cases of card cloning are on the rise. Three months into the year, debit card holders had already lost $200 000 to perpetrators of bank card cloning. Now […]
Last week a man was arrested on charges of cloning a bank debit card and helping himself to thousands of US dollars, or is it bond? Are they the same […]
The second topic being discussed at the Mobile money and Digital payments conference at Meikles hotel is discussing Cloning, Counterfeiting and Fraud in mobile money and digital payments. The discussion […]
We’ve all seen the warnings about encrypting sensitive files and being aware of phishing attempts that aim to steal our personal information. But there’s more to data privacy than meets […]
Standard Chartered Bank has announced that it is increasing ATM locations that will allow for more USD and ZWL$ cash withdrawals. The bank launched one in Chinoyi a couple of […]
Earlier this week I wrote about the need to make banks and Zimbabwe’s financial institutions accountable for some of the losses that people suffer through hacking and fraud incidents. There […]
Recently one of South Africa’s leading banks, FNB, lost an interesting suit involving about R2.9 million or about US$202 000 being siphoned out of a client’s bank account. The client […]
A recent social media post by journalist Hopewell Chin’ono shared a Facebook post by a person claiming that CABS had been hacked and funds were being withdrawn: Someone has got […]
FBC has updated its banking app bringing a host of new features that will undoubtedly be of use to its clients. The “enhanced FBC Mobile Moola” app will bring a […]
Cybercrime has taken a life of its own in Zimbabwe and the US$42 million lost due to cybercrime in the first quarter of 2019 should’ve been enough to force our […]