
South African ‘hacker’ arrested for fraud
LOSSES & LAWSUITS
Using spyware software, according to authorities the man was able to take the details of personal banking transactions from computers, transfer them through a file server in Estonia, then retrieve them and use them to log into internet accounts.
In conjunction with Standard Bank and a UK-based security consultancy, the South African authorities are now set to head after the ‘big guys’, according to advocate Gerhard Nel of the Scorpions.
Incidents have to date been reported in Johannesburg, Pretoria and Cape Town.
All of South Africa’s large banking institutions have been affected, according to press reports.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Regulation
What lies beneath: Nomura’s iceberg balance sheet
Collateral received by the Japanese bank exceeds its total on-balance-sheet assets – does it matter?
Receive this by email