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Student Accused of $1.1M Bank Hack | Zimbabwe News
A computer science student at Midlands State University, Sabelo Malunga, is facing serious charges after allegedly hacking into CABS Bank’s systems during his IT internship, siphoning over $1.1 million through fake transactions. Prosecutors say he installed unauthorized remote access software, hid it, and continued accessing the bank’s systems post-internship to create fraudulent ZIPIT and VISA transfers. The scheme was uncovered after VISA flagged suspicious ATM withdrawals, leading to the discovery of nearly 2,000 fraudulent transactions totaling nearly $900,000. With no money recovered and…
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