FANews
FANews
RELATED CATEGORIES
Category Banking
SUB CATEGORIES General | 

Silence Hacking Group - Business as Usual for SA Banks

14 January 2020 SABRIC

SABRIC, the South African Banking Risk Information Centre is aware of the media statement issued by Kaspersky on the 13th of January 2020 about potential malware attacks on major banks in the sub-Saharan Africa region, entitled ‘Silence before the storm: Russian speaking hacking group is attacking banks in Sub-Saharan Africa’. It states that the threat actors are most likely the Russian ‘Silence’ hacking group which has been responsible for the theft of millions of dollars globally.

There has been no impact on our Banks to date and it is business as usual as all banking services are operating normally. Nevertheless, the Banking Industry takes cybersecurity very seriously and has robust risk mitigation strategies in place. Because banks, as the custodians of money, are continuously under attack globally, these strategies are agile and are reviewed as new threats are identified.

“The banking industry collaborates by sharing information to ensure that our cyber resilience is continually strengthened. We will continue to monitor this situation very closely as an industry.“ says SABRIC acting CEO, Susan Potgieter.

Quick Polls

QUESTION

Do you think the 21-day lockdown declared by President Cyril Ramaphosa will contain the coronavirus outbreak?

ANSWER

Yes
No
Things will only get worse
Only time will tell
A E fanews magazine
FAnews February 2020 Get the latest issue of FAnews

This month's headlines

2020… The start of a new decade
Updates to the insurance regulatory framework
Funding in the golden years… Past the 100s
Anticipate unprecedented types of claims
Risk trends and their interconnections
Digital transformation in healthcare
Global bond investments getting riskier
Subscribe now