SA’s Postbank loses USD5m
COMPUTING| 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
Mellanox solutions accelerate the fastest supercomputer in the worldMellanox Technologies, Ltd., a leading supplier of end-to-end interconnect solutions for data centre servers and storage systems, has announced that Mellanox interconnect solutions accelerate the world's fastest supercomputer, at the supercomputing centre in Wuxi, China. Read More
Achieving full visibility in a cloudy hybrid environmentA growing number of organisations are migrating applications and information stores to public and private cloud solutions, so that hybrid IT architectures have become the norm. Read More
Make way for VAS: The era of VM-aware storageAlong with DAS, SAN and NAS, storage now has another term, VM-aware storage (VAS). Read More
Trisat showcases online platform for schools managementSoftware development company Trisat Communications Limited has launched an online platform, nortify.com.ng, to provide digital tools to simplify school management. Read More
Transforming and maximising existing fibre networksMaximising existing optical fibre infrastructure is a challenge that needs tackling by network operators - both large and small. Read More
Technology leaders join forces to bring an open acceleration framework to data centresMellanox, ARM, Huawei, IBM, Qualcomm Technologies Inc., a subsidiary of Qualcomm Incorporated, and Xilinx, Inc. have joined forces to bring a high-performance open acceleration framework to data centres. Read More
Why going paperless can make you more money – and save some tooThe environment and saving costs when moving a business to a paperless office are the two most popular benefits, but there are many more benefits to doing so. Read More
Airtel chief: Disruptive technologies vital to Nigeria’s GDP growthLeading telecommunications services provider, Airtel Nigeria, has said disruptive technologies can contribute significantly to the nation’s Gross Domestic Product (GDP) if ICT start-ups are encouraged to create innovations that deliver value. Read More
Youths gain fom ICT Dynamix supportBotswana based citizen owned company ICT Dynamix is upskilling and employing youths in the ICT industry. Read More
FEATURED STORYFirst-ever Africa Barclays Accelerator programme concludes
Ten fintech companies have concluded the first-ever Barclays Accelerator, powered by Techstars in Africa.
BEST READ NEWS
IN DEPTHEthical Hacking students can’t get a heck of a job
Botswana ethical hacking students report that they are failing to break into the local job market.
COMPANY NEWSThe Tech Revolution: Sage Sets out the Vision for African Businesses
Sage, a market leader in cloud accounting software used its global Sage Summit 2016, held this week in Chicago, to outline its strong commitment to future technologies, ...