SABRIC statement on TransUnion South Africa breach

Issue 1 2022 Editor's Choice

Information bureau TransUnion South Africa has confirmed that N4aughtysecTU, a hacking group, obtained data belonging to the bureau through the misuse of an authorised client’s credentials. The personal information obtained could include names and ID numbers.

The chief executive of the South African Banking Risk Information Centre (SABRIC), Nischal Mewalall says: “SABRIC has already engaged TransUnion South Africa with the aim to coordinate the banking industry’s efforts to secure bank customers’ profiles against abuse.”

South African banks take the security of their customer data very seriously and have put in place robust risk mitigation strategies to detect potential fraud on accounts and protect customer personal information, as the investigation unfolds.

Mewalall further added that the compromise of personal information does not guarantee access to a customer’s banking profile or account, but that criminals can use this information to impersonate people or trick them into disclosing their confidential banking details.

SABRIC urges bank customers and other consumers to follow sound identity management practices to mitigate the risk of identity theft and fraudulent applications and recommends that bank customers follow these precautionary measures:

• Do not disclose personal information such as passwords and PINs when asked to do so by anyone via telephone, fax or even email.

• Change your passwords regularly and never share them with anyone else.

• Verify all requests for personal information and only provide it when there is a legitimate reason to do so.

• Do not use the information that may have been compromised. Rather use other personal information that you have not used previously to confirm your identity in future.

For further advice, please go to www.sabric.co.za




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Autonomous construction site protection
Editor's Choice Perimeter Security, Alarms & Intruder Detection
Ajax provides an autonomous security solution for a German construction site that is easy and flexible to install. It provides security against intrusions and theft via a 360-degree view.

Read more...
SMART and secure estates in Cape Town
Technews Publishing Axis Communications SA Gallagher DeepAlert Nemtek Electric Fencing Products Editor's Choice
In February 2024, SMART Security Solutions emigrated to the Western Cape to host its first SMART Estate Security Conference in the region in many years. For the day, we took over the prestigious D’Aria Wine Estate.

Read more...
SMART Estate Security returns to KZN
Nemtek Electric Fencing Products Technews Publishing Axis Communications SA OneSpace Editor's Choice News & Events Integrated Solutions IoT & Automation
The second SMART Estate Security Conference of 2024 was held in May in KwaZulu-Natal at the Mount Edgecombe Estate Conference Centre, which is located on the Estate’s pristine golf course.

Read more...
Creating employment through entrepreneurship
Technews Publishing Marathon Consulting Editor's Choice Integrated Solutions Residential Estate (Industry)
Eduardo Takacs’s journey is a testament to bona fide entrepreneurial resilience, making him stand out in a country desperate for resilient businesses in the small and medium enterprise space that can create employment opportunities.

Read more...
2024 Southern Africa OSPAs winners announced
Editor's Choice
The 2024 Southern Africa Outstanding Security Performance Awards (OSPAs) winners were revealed on Tuesday, June 11th, at the Securex South Africa Seminar Theatre hosted by SMART Security Solutions.

Read more...
Resident management app shows significant growth
Editor's Choice
My Estate Life is a mobile app for residents and managers in housing estates and buildings. Its core aim is to be an easy gateway for residents to manage visitors and staff, and to communicate and administer general property in a simple interface.

Read more...
Local manufacturing is still on the rise
Hissco Editor's Choice News & Events Security Services & Risk Management
HISSCO International, Africa's largest manufacturer of security X-ray products, has recently secured a multi-continental contract to supply over 55 baggage X-ray screening systems in 10 countries.

Read more...
NEC XON shares lessons learned from ransomware attacks
NEC XON Editor's Choice Information Security
NEC XON has handled many ransomware attacks. We've distilled key insights and listed them in this article to better equip companies and individuals for scenarios like this, which many will say are an inevitable reality in today’s environment.

Read more...
The future of digital identity in South Africa
Editor's Choice Access Control & Identity Management
When it comes to accessing essential services, such as national medical care, grants and the ability to vote in elections to shape national policy, a valid identity document is critical.

Read more...
Do you need a virtual CIO?
Editor's Choice News & Events Infrastructure
If you have a CIO, rest assured that your competitors have noticed and will come knocking on their door sooner or later. A Virtual CIO service is a compelling solution for businesses navigating tough economic conditions.

Read more...