COMPANY COMMENT
Theft of Absa client data highlights vulnerability
02 December 2020 - 19:15
In the olden days, thieves had to run into a bank branch and shout “give me all your money” to rob the bank. Nowadays, thieves walk into buildings armed with flash drives and whisper “give me all your data”.
The unfortunate admission by the banking group Absa that a small quantity of customer data was obtained unlawfully by an employee and sold to third parties has once again raised the spectre of the theft of personal information mere months after credit bureau Experian admitted it had been duped into handing over millions of client records...
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