Re: Hackers Hit South African Banks

[Valdis.Kletnieks () vt edu]

On Tue, 04 Jul 2006 13:07:17 -0000, Fergie said:
s have penetrated Internet banking facilities and hacked into
> the accounts of clients of three major banks, a Cape Town newspaper
> reports.
>
> Its website said fraudsters had in the past three months gained access
> to the online accounts of clients from First National Bank, Standard
> and Absa banks.
>
> They stole thousands of rands.
>
> The fraudsters had found a way of hacking into personal or business
> accounts and then transferring money from these accounts to either
> cellphone or Telkom prepaid accounts.

Sounds to me like either a phish or the hackers found a weakness in the
website such as a default PIN, and only had access to some accounts via
the website.  If the actual systems had been breached, the total take
should have been far higher....

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