Regulator talks to Absa about bank fraud complaints

By Angelique Arde for Business Live

Absa is tight-lipped about its meeting this week with the banking regulator about how the bank handles cyber risks.

Johannesburg attorney Mark Heyink, acting for 29 Absa customers referred to him by a digital forensic expert and a computer scientist, claimed that the bank had “improperly” held clients liable for losses resulting from online banking fraud and called on the regulator to investigate Absa and the ombud for banking services.

Read more here: https://www.businesslive.co.za/bt/money/2019-01-20-regulator-talks-to-absa-about-bank—fraud-complaints/