Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 18 January 2012 11:40

Hackers rob Post Office

Written by Nick Farell



Didn't need a shooter


The days of a bank robber sticking his wife's pantihose over his head and taking a shooter to rob a bank are over. South African Postbank - part of the nation's Post Office service was robbed of $6.7 million over three days using a hack attack.

The cyber gang had carried out detailed surveillance and knew a lot about the post office's IT systems.  Apparently it opened accounts in post offices across the country and hacked into a employee computer in the Rustenburg Post Office. Apparently once the offices were closed for the New Year holidays, the gang accessed the computer from a remote location and used it to break into Postbank's server system and transfer money from various accounts into the ones they opened.

They raised the withdrawal limits on those accounts and then proceeded to take the money out from cash points in Gauteng, KwaZulu-Natal and the Free State over a three day period. They stopped when the bank's offices were opened again on January 3. The robbery was only discovered when staff came back from their holidays and the attack was only made public this week.

One insecurity expert said that Postbank's fraud detection system was rubbish and the outfit's Postbank network and security systems are shocking and in desperate need of an overhaul. The bank has issued a statement saying that none of its customers' bank accounts were affected by the robbery.

At the moment the coppers are investigating if a backdoor into the compromised computer was installed by the employee unwittingly or whether the employee was recruited by the gang to allow them access.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments