Hackers steal R42m from South Africa's PostBank
The National Intelligence Agency has launched a high-level probe after a cybercrime syndicate stole R42 million from SA Post Office financial institution Postbank over the New Year holidays, the Sunday Times reported.
The theft occurred between January 1 and January 3, and was allegedly committed by a syndicate with knowledge of the post office's information technology (IT) system.
Department of state security spokesman Brian Dube confirmed that the theft had occurred and that the probe had been launched. "When a government institution is compromised, the NIA will be involved and will offer its assistance," he told the newspaper. Postbank currently holds over R4 billion in deposits, and processes millions of rands in social grants throughout the year.
