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moneyweb wrote:The well planned and executed bank heist which will leave Postbank’s shareholder, government, R42m out of pocket was reportedly carried out by a Nigerian syndicate.
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The syndicate that carried out the theft over the New Year holidays had previously attempted to pull off the same crime on other, bigger banks in SA. In each case they were unable to penetrate the IT systems. “They used exactly the same modus operandi. *They just carried on trying at different banks until they found a hole,” the source says.
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The heist, which was planned and executed over several months, required that hundreds of legal savings accounts were opened, each one with a debit card. “Account holders need a SA ID. Either the ID is real, in which case the account holder has been paid to open the account, or the account was opened using fake IDs.”
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The next step was to create a virtual branch. This was done by cloning the terminal of a teller in Rustenburg. In other words the syndicate created a computer with the same user ID and password, and the same IP address as the teller’s computer on the Postbank network. The network recognised this clone as a legitimate terminal on its network.
Similarly the hackers gained access to the supervisor’s user ID and passwords and cloned this computer. The supervisor’s details were needed to approve transactions made by the “teller”.
*banks were aware that this was happening, yet they still succeeded?
<as to those who haven't played uplink... for shame!>
Most people would sooner die than think; in fact, they do so - Bertrand Russel
*banks were aware that this was happening, yet they still succeeded?
