Standard Bank and Lightstone waited 10 days to publicly disclose a data breach that may have compromised the personal information of the owners of as many as 745,000 registered properties in SA, citing the need to ensure that any steps taken did not stymie any legal and criminal investigation.

Africa’s biggest bank by assets and Lightstone, a provider of market intelligence on the SA property market, released a joint statement on Friday saying the lender’s LookSee property search tool had suffered a data breach. However, Standard Bank later told Business Day that it had first become aware of the breach on November 30, more than 10 days before it communicated the problem to the public...

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