NMBZ beefs up cyber defence

NMBZ has se­cured more than US$185 million in credit lines and is finalising an additional US$70 million, which is expected to further support its lending portfolio and offset the impact of fee cuts.

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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