Computer Crime Research Center


South Africa to tackle cyber crime

Date: July 11, 2006
Source: IOL
By: Lee Rondganger

South African banks are flouting the country's Electronic Communication Transaction (ECT) Act - legislated to tackle cyber crime - by disclaiming liability when an online client's account is hacked into.

This is according to Reinhardt Buys, an IT lawyer and expert. He said on Monday that contrary to the law, banks were not fully reimbursing clients whose banks accounts have been hacked.

Buys said according to section 43 of the ECT Act the bank is liable for any damage caused to their clients.

"Yet almost all South African banks simply ignore these provisions and disclaim themselves from any and all liability," he said.
Original article

Add comment  Email to a Friend

Copyright © 2001-2013 Computer Crime Research Center
CCRC logo