Tuesday, July 04, 2006

Hackers Hit South African Banks

Via The SundayTimes.com.za.

Fraudsters 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.

All three banks confirmed on Monday that their systems have been breached.

More here.

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