Human error, fraud, and negligence at the heart of many data breaches
There was a nice surprise waiting in our email inbox on 19 August 2020 in the form of a notification letter from Standard Bank that our personal data may have been compromised. At a time when stories of cybercrime and data hacks make daily headlines, you can imagine the negative scenarios that started playing out. Dear Standard Bank client, started the message, “You may have noted an announcement by the South African Banking Risk Information Centre (SABRIC) and the Southern African Fraud Prevention Service (SAFPS), informing the public of an external credit bureau incident which occurred within Experian, a credit reporting partner to the financial services industry in South Africa”.