SA banks affected by Debt-IN cyberattack
Several South African banks were affected and compromised by a ransomware attack on debt recovery solutions provider Debt-IN Consultants.
According to an ITWeb report, the debt collector was hit by a cyberattack that exposed as much as 1.4 million personal records of South Africans in April, but it was only discovered last week – about five months later.
Debt-IN was a partner to many South African financial institutions and the attack resulted in a significant data breach of consumer and employee personal information.
First National Bank (FNB), Absa Group Limited, Standard Bank, and African Bank have already issued statements addressing their customers about the breach.
Meanwhile, Southern African Fraud Prevention Service (SAFPS) CEO Manie van Schalkwyk shared her concerns on the Debt-IN data as over a million South Africans were compromised.
