Debt-IN, a debt recovery solutions partner to many South African financial services institutions, including African Bank, has announced that a ransomware attack by cybercriminals has resulted in a significant data breach of consumer and employee persona...
Earlier on Wednesday, African Bank confirmed that one of its appointed professional debt recovery partners, Debt-IN, was targeted by cybercriminals in April 2021.
African bank said that Debt-IN is confident that no data shared post-April 1, 2021, has been compromised. “We have been collaborating with Debt-IN to address this breach. We have notified the relevant regulatory authorities, and we are also in the process of alerting customers who have been affected via email and SMS.”
“The company has taken immediate and appropriate actions to reinforce existing security measures and to mitigate any further potential impacts of the breach, including assembling a team of highly regarded and globally experienced cyber breach and forensic experts to work with Debt-IN on the incident.”
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