Some Standard Bank clients have been in a state of panic over an alleged security breach, leading to what they said were fraudulent transactions and blocked accounts.Standard Bank declared that there had NOT been a breach of their systems, so what has actually been going on?Standard Bank clients urged to use app to report suspicious activity, call centre overloaded
Ambrose highlights the way our world uses social media as a central part of the bigger problem when it comes to cyberfraud. "It's for a very simple reason - we live in a world where you can' knock someone over the head anymore and steal the cash out of their pocket. It's in a bank somewhere and you transfer it electronically, so fraud on bank accounts has become incredibly sophisticated.
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