Business

Security firm warns of increased breaches

NewsDay Staff ·

Security firm warns of increased breaches

PEACE Security Company chief executive officer Abel Mubango says there has been an increase in internal and external security breaches at organisations, with a number of incidents involving firearms.

 In the 2025 Monetary Policy Statement, the Reserve Bank of Zimbabwe (RBZ) noted with concern the abuse of safe deposit boxes and the proliferation of “shadow banks’.

 The bank observed that some businesses were not banking all or most of their cash receipts and were instead keeping such cash in safe deposit boxes held with financial institutions and security

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