Court denies student bail in US$1m bank hack

The Harare Magistrates Court denied bail to a Midlands State University student accused of hacking Cabs bank and stealing more than US$1 million from the institution's electronic payment system. The student appeared in court facing charges of cyber theft, unauthorized access to financial systems, and money laundering. Authorities arrested the student following a probe into the massive cyber heist that targeted the bank's payment infrastructure. The court ordered the student to remain in custody until the next hearing, citing the seriousness of the allegations. Prosecutors allege the student electronically siphoned funds from Cabs bank. Investigators continue to gather digital evidence, and a trial date remains pending as the case proceeds through the judicial system.