Zambia Commercial Banks Robbed of $4 Million Through ATM Cyber-crimes

Written by Makula Dunbar

From Times of Zambia

Several commercial banks in Zambia have been robbed of more than US$4 million (about KR20 million) since January this year, through a sophisticated cyber-crime syndicate by foreigners who are conniving with Zambians.

The foreigners are recruiting and training Zambians to siphon money from Automated Teller Machines (ATM). Police Deputy Inspector General Solomon Jere said police officers had since been placed on high alert.

“As Zambia Police, we would like to assure the nation that we are on the look-out for these criminals and once caught, they will face the wrath of the law,” Dr Jere said in a statement yesterday.

He said three foreign nationals were key orchestrators of the crime and had been recruiting Zambians to spread their criminal activities on unsuspecting banks across the country. “Police have discovered a scam in which three foreign criminals have recruited and trained Zambians in cyber-crime. The recruited Zambians have already started operating.