Reserve Bank Loses $34K in Cyber Fraud

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Reserve Bank of Zimbabwe lost US$34,500 in a cyber fraud after hackers allegedly diverted payments for its Harare Agricultural Show exhibition stand. Prosecutors reported the suspects hacked a contractor’s email, changed bank details, and received two transfers of US$17,250 each. Three people, Rubbie Chinanai, Ashel Chinanai, and Tichawanda Kevin Chinyande, appeared before the Bulawayo Regional Court facing fraud and money laundering charges. Investigations are ongoing