Total 122 Posts
In a statement to iAfrikan, South Africa's Nedbank has said that it does not know which of its customers have been affected by the data breach it mentioned as affecting 1,7 million of its customers. The data breach is reported to have taken place at one of the bank's suppliers.
While technological change has been incredibly fast in the information era, the system of international payments has lagged behind. But once sovereign digital currencies start taking off, this will suddenly change.
Once algorithms, used by financial trading bots, go live on markets, they start behaving in ways that programmers could not have foreseen.
With the advent of mobile phones and increased Internet penetration, the borrowing of money has been shifting from traditional channels to electronic channels. This has come with its problems.