JOHANNESBURG – The Reserve Bank has called on the country’s banks to step up their cybersecurity after a global syndicate managed to withdraw R300 million through fraudulent ATM transactions in Japan.
Standard Bank has confirmed it fell victim to this scam but stressed that its clients are not affected.
At least 100 people or more are suspected of having been involved in as many as 14,000 transactions, carried out earlier this month. For the full article click here
from cyber security caucus http://ift.tt/1Rq1YR9
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