The invasion of Zambian banks’ VISA cards system by supposedly by Dubai based crooks has spread to Stanbic.
Standard Chartered Bank and Barclays Bank are the worst hit. Standard Chartered Thursday evening confirmed that they had shut down their VISA service in Zambia citing security breaches on its internet services.
Director of corporate Affairs Luke Ndlovu made the confirmation.
But the Watchdog has been informed that Stanbic, a branch of Standard Bank of South Africa is also serious hit and that clients have lost huge sums of money.
There is panic in the banks as customers are reporting unknown withdrawals from their accounts and thereby losing incomes, salaries and benefits.
According to sources, these withdrawals are made using swipes and that most swipe withdrawals are traced to Dubai, in the United Emirate Republic.