Stefanus Nashama
Letshego Holdings Namibia has called for collective responsibility in tackling cybersecurity threats within the financial sector.
The bank also urged its clients, both in the public, private, and financial sectors, to remain vigilant.
Morgan Beukes, IT risk and information security manager at Letshego Bank Namibia, announced on Wednesday.
“The digital landscape presents both endless opportunities and growing threats to the financial sector as cybercriminals become increasingly sophisticated. With cybersecurity awareness month ending this October, Letshego Holdings Namibia urges customers, as well as employees across government, private, and financial sectors, to remain vigilant,” he said.
He highlighted the need for everyone, including customers and employees across the government and private sectors, to stay alert.
Beukes warned of the rising threat posed by various forms of cyberattacks, such as phishing emails, SMS scams, also known as smishing, and social media impersonation.
Cybercriminals use these tactics to gather sensitive information that allows them to access personal bank accounts, devices, and workplace systems.
“A breach of one customer’s account threatens the institution’s overall security and erodes the trust we work so hard to build,” Beukes explained.
According to him, individuals, whether customers or employees, play a critical role in the financial sector’s cybersecurity.
He stressed that the more informed people are, the safer the entire financial ecosystem becomes.
To build resilience, Letshego Namibia advocates for continuous cybersecurity awareness training.
This training, Beukes said, helps strengthen the security of both customers and employees, ultimately fortifying the financial system.
“As cyber threats evolve, so must our defence strategies. This means continuous learning, regular training, and a culture rooted in vigilance,” Beukes said.
He encouraged the public to take advantage of online resources that offer cybersecurity training.
This, he said, will develop skills needed in detecting and reporting suspicious activities.
“Recognising red flags, such as unsolicited requests for personal information or messages that create a false sense of urgency, is a vital part of promoting proactive cybersecurity practices,” he concluded.
