Hackers snatch $6.7m in South African cyber bank robbery
A mere three years after a South African bank spent $1.8 million on a new fraud-detection system, hackers managed to...
swindle $6.7 million out from under that system's nose.
As the South African Times Live reported on Sunday, the high-tech heist is believed to have been carried out by a cybercrime syndicate with in-depth knowledge of the IT systems in question.
The bank, Postbank, is part of the South African Post Office. It holds about $500 million in deposits and oversees the movement of millions of rands in social grants each month, according to Times Live.
For more information click here
Operating System: Search Bot
protection control security cloud management storage affiliations sophos backup onsite android unified network cloud windows communigate globalsign launches communications enterprise array malware microsoft delivers internet inhouse arkeia partner technology mobile networks world virtualization interseptor ipoque balance delivery systems ipoque peplink