Dr Craig Toontas, executive governance and technology strategist.
SHOCKING EXPOSE: Your bank is LYING to you about how safe your money REALLY is. A bombshell new report reveals that South Africa’s ENTIRE financial system is a TICKING TIME BOMB, propped up by “fragmented strategies” and “outdated frameworks” while executives collect their bonuses.
Governance expert Dr. Craig Toontas is BREAKING HIS SILENCE ahead of the ITWeb Security in Finance 2026 conference, warning that a toxic “compliance-over-culture” mindset has left institutions WIDE OPEN to catastrophic cyber attacks. “They are VULNERABLE by design,” he claims, accusing boardrooms of prioritizing checkboxes over actual security while YOUR life savings hang in the balance.
This isn’t just a technical failure—it’s a SYSTEMIC BETRAYAL. Toontas’s research, based on two years of secret interviews inside major banks and regulators, exposes a DANGEROUS GAP between “executive confidence and operational vulnerability.” In plain terms: the bosses THINK they’re secure while hackers already have the keys to the vault.
With sophisticated deepfakes and insider threats on the rise, the very foundations of trust in our financial system are CRUMBLING. Yet institutions continue to MISINTERPRET critical governance standards, leaving them unprepared for the devastating attacks that insiders know are inevitable.
This conference will unveil the HARSH TRUTH that the financial elite don’t want you to hear: your security is an illusion, maintained only until the next digital bank heist empties the accounts of millions. The question is no longer IF the system will fail, but WHEN—and who will be left holding the bag when it does.
We are all just lines of code in a ledger, waiting to be erased.
Author: Kayitsi.com
