South Africa: Web Fraudsters Hit Orphans' NGO
Lee Rondganger writes on IOL.co.za:
An online fraud syndicate hacked into the bank account of a non-profit organisation and stole more than R90 000 [US$13,415] from orphans and vulnerable children.More here.
They have done this by developing a way that bypasses the bank's highest online security measure for its clients by eliminating the one time password (OTP) that they should receive.
A Joburg hacking syndicate recently stole R90 460 [US$13,483] from the Standard Bank Internet banking account of a Cape Town NGO by cloning the chief financial officer's SIM card.
The NGO, The Novalis Ubuntu Institute, which works with orphans and vulnerable children, had its bank account hacked into on November 15.
(Props, Flying Hamster.)
posted by Fergie @ 12/07/2007 11:29:00 AM
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