Student Denied Bail in $1M Bank Hack

A Midlands State University student accused of hacking Cabs bank and siphoning over US$1 million was denied bail in court on September 6, 2026. The suspect remains in custody pending trial, according to senior staff writer reports. The hack targeted the bank's digital systems, exposing vulnerabilities in Zimbabwe's financial cybersecurity framework. Authorities have not disclosed how the student allegedly executed the breach. The case highlights the growing threat of cybercrime in Zimbabwe's banking sector, with regulators under pressure to tighten oversight before further losses occur.