NMBZ beefs up cyber defence

To support lending growth, NMBZ has secured more than US$185 million in credit lines and is finalising an additional US$70 million facility expected to strengthen its funding pipeline further.

NMBZ Holdings (NMBZ) is tightening its digital defence systems and increasing surveillance to counter rising cyber-crimes and protect customers’ assets and data.Cybercrime, mainly in the banking sector, has escalated significantly in Zimbabwe, exacerbated by rapid digitalisation, mirroring global trends.In response, financial institutions are investing in strong systems, staff training, and collaborating with public and private…

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