Mishma Chakanyuka, Staff Writer 
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THE Reserve Bank of Zimbabwe has urged banks to put in place concrete measures to mitigate against cyber-risk.
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As Zimbabwe moves more towards being a cashless society, cybercrime targeting the financial services sector is on the rise, with a marked increase in reports of phishing and bank card cloning. The reserve bank’s director of bank supervision, Phillip Madamombe, said operational and cyber risk resilience should remain a “focal area” for banks.
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