SA’s Postbank loses USD5m
COMPUTINGBy BiztechAfrica - Jan. 15, 2012, 7:09 a.m.
Cyber criminals are reported to have stolen over USD5 million from South Africa’s Postbank.
Postbank is a financial services division of the SA Post Office, offering savings, electronic transfers and online banking, among other services.
SA’s Sunday Times reports that a syndicate of criminals managed to access the service’s systems, increase withdrawal limits and withdraw over USD5 million from ATMs in various provinces over just three days while the offices were closed for the New Year.
The authorities are reported to have launched a high-level investigation.
MORE COMPUTING NEWS
Samsung, 49M embark on consumer educational driveSamsung Electronics South Africa has announced a national consumer education campaign in support of the 49M initiative, offering practical actions to save energy in daily life. Read More
Five technical considerations to resolve before moving into the cloudMoving into the cloud is often not as simple as it seems. If this move is not done correctly, cloud solutions could fail to deliver, says Jasco. Read More
Top backup tips for SMEsGreen Apple IT advises on ways to protect valuable data from load shedding problems. Read More
Mainframes: underpinning the cloudContrary to some beliefs that the cloud will replace the mainframe, IBM Solutions Sales Manager Satish Babu points out that the mainframe supports cloud. Read More
Microsoft announces first African female country managerMicrosoft has announced the appointment of Otema Yirenkyi as the company’s first country manager for Ghana. Read More
Cloud uptake set to explode across AfricaNew research indicates that African organisations are taking cloud seriously, with Nigeria set to lead in cloud adoption. Read More
Multichoice Ghana launches 18 resource centresMultichoice Ghana Limited has rolled out 18 Multichoice Resource Centers in 18 senior high schools across the country. Read More
Matching market with satellite servicesQ-KON examines where satellite fits into the market and what services are best for satellite technologies. Read More
Africa’s high end ICT skills shortfall growsWith a skills shortage of between 20,000 and 70,000 high-end ICT professionals in South Africa alone, business and education must work together to close the gap, say stakeholders. Read More
African insurers must address looming technology challengeLack of information and communication technology (ICT) infrastructure is holding the African insurance market back, says SSP. Read More
FEATURED STORYGaming app introduces investors to trading
A new virtual stock market app is equipping would-be investors with the skills they need to trade.
BEST READ NEWS
IN DEPTHCorporate cyber security threats of the year
91% of organisations polled suffered a cyber-attack at least once in the past year, says Kaspersky Lab in its security review of 2013.
COMPANY NEWSSamsung, 49M embark on consumer educational drive
Samsung Electronics South Africa has announced a national consumer education campaign in support of the 49M initiative, offering practical actions to save energy in daily life.MTN launches new positioning campaign for enterprise market
MTN Group today unveiled a new Pan-African brand positioning media campaign for MTN Business, its enterprise business unit.