Standard Bank says Brazil not solely to blame for fraud complaints ...

3 days ago

Subscribers can listen to this article

Standard Bank breach - Figure 1
Photo News24

Standard Bank says recent fraud attempts don't only hail from Brazil. (Brendan Croft/Gallo)

Standard Bank says Brazil was not the sole source of fraud attempts that prompted scores of its clients to vent on social media platforms like X, with the financial malfeasance stemming from "multiple" international jurisdictions.

Numerous clients complained on X that they had suffered fraud or attempted fraud that appeared to hail from Brazil, with the litany of posts ultimately prompting the lender to deny on Tuesday that it had suffered a systems breach. 

"Standard Bank experiences, like all institutions across the globe, fraud attempts from multiple jurisdictions. This trend or pattern is no different," the bank said in an emailed response to questions.

South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.

Next on Business

Anglo considers options to sell coal assets after fire

03 Jul

Read more
Similar news
This week's most popular news