Standard Bank South Africa is aware of a potential breach of card data stored by a third party payments processor and integrator for online transactions.
This has impacted the banking industry as a whole, and some Standard Bank South Africa credit and cheque card customers have been affected.
Pro-active steps have been taken by Standard Bank and at the banking industry level to identify and limit the extent of the potential exposure.
All Standard Bank cards that may have been impacted have been placed under a heightened level of monitoring to detect possible unusual or fraudulent activity. Should fraudulent transactions occur on any of these cards, cardholders will not be exposed to any losses and Standard Bank will replace the cards of affected customers.
Contact our fraud line on 0800 222 050 (or +27 11 641 6114 outside South Africa) should you become aware of any suspicious transactions through MyUpdates or statements.
There is no need for undue concern. The banking industry has well developed and sophisticated fraud and risk management systems in place to limit the exposure of our customers to criminal activity.
For more on secure banking visit
www.standardbank.co.za/secure.
