MSU student charged in $1.1 million bank hack

A Midlands State University student, Sabelo Malunga, was charged after allegedly hacking CABS' systems and moving over US$1.1 million during an IT internship. The case exposes a critical friction: Zimbabwe's banks rely on student interns for cybersecurity yet lack the safeguards to prevent insider attacks, leaving the financial sector deeply vulnerable. The incident highlights the urgent need for stronger cybersecurity protocols in Zimbabwe's banking sector.