$6.7 Million (€4.6 Million) Stolen from Postbank by Hackers

[Jack]

During the holidays cybercriminals kept themselves busy, hacking websites and stealing all the data they could find. South African Postbank, a financial institution owned by SA Post Office, is one of the victims, the hackers stealing around $6.7 Million (€4.6 Million).

Fin24 reports that the National Intelligence Agency, which offers assistance when a government institution is compromised, has launched an investigation to precisely determine the causes that allowed for the incident to occur.

Preliminary reports revealed that the cybercrime ring responsible for the theft opened a number of Postbank accounts all across the country and then, in the period between January 1 and January 3, they managed to access a Post Office employee’s computer from where they deposited money from other accounts into their own.

The next days, the gang withdrew the money from several ATMs in Gauteng, Free State and KwaZulu-Natal.

Bank representatives state that none of their customers are affected by the breach, but security experts believe that Postbank’s systems desperately need an upgrade.

The irony is that the institution invested a large amount of money in their anti-fraud systems. However, as we can clearly see, anti-fraud systems aren’t worth much if the company doesn’t have a strict policy for the way their employees handle computers.

If the reports are true, then it means that an employee with privileged rights must have fallen victim to a scam email designed to spread a malicious Trojan.

Read more....

 

[Jack]

This guys were making $6.7 Million and I was spending time with my family.... It never pays out to be the good guy. :dodgy:

The next days, the gang withdrew the money from several ATMs in Gauteng, Free State and KwaZulu-Natal.

How did they manage to get out of the ATMs such a large amount of money without raising suspicions... Have to wonder how many ATMs they have used to withdraw $6.7 Million!!

 

[Prorootect]

OK, I think that South Africa became the country with no rights or laws.

Then the results are visible.

Too bad, I can not speak of politics, because in that case, I would like to say (sarcastic, attention!): thank you ....... .