News24

Parliament condemns Postbank cyberheist

2012-01-16 17:45

Cape Town - Parliament’s communications portfolio committee condemned the theft of R42m from SA Post Office financial institution Postbank on Monday.

Portfolio chairperson Eric Kholwane said the bank's security network needed to be tightened to prevent such a "hi-tech cyberheist".

He appreciated the discovery of the theft and welcomed an investigation by the National Intelligence Agency and the police.

A cybercrime syndicate believed to have knowledge of the post office's information technology system apparently stole the money between January 1 and 3.

According to the Sunday Times newspaper, the syndicate opened several Postbank accounts across the country late last year. During the New Year holiday period, the thieves gained access to a Rustenburg post office employee's computer and made deposits from other accounts into their own.

Over the next three days, automated teller machines in Gauteng, Free State and KwaZulu-Natal were used to withdraw cash from the accounts.

Postbank currently holds over R4bn in deposits, and processes millions of rands in social grants throughout the year.

According to the newspaper, the theft comes three years after the bank spent over R15m to upgrade its fraud-detection service.

Comments
  • Jonathon - 2012-01-16 17:49

    I’m sorry, normally I’d be pretty ticked off about theft but dam that’s impressive hahaha!! Somebody give that syndicate a Bells. What right do parlament have to make such crits anyway, after all they've stolen from the people over the years??

      Jonathon - 2012-01-16 17:50

      The post office should get an award for stupidity...

      Newsreader - 2012-01-16 18:06

      They dont deserve the negative publicity and attention but who actually owns Postbank? Lets ask Tokyo and Cyril?

      Jay - 2012-01-16 18:10

      PostBank is the one bank run by Government! enough said!

      Squeegee - 2012-01-16 18:19

      The government is just upset they didn't get to the money first. They thought nothing was left to steal after the 25Bn...

      George - 2012-01-16 18:41

      Gov got the money long time ago and are laughing at the whole lot of you

      John - 2012-01-16 20:20

      The Same Parliament that steals OUR MONEY?

  • Newsreader - 2012-01-16 18:01

    Yes they condemn it. It was terrible. shocking, naughty. Bad bad. But the R100 million on the weekend party was okay. Most of the savings was from the actual ordinary hard working majority of citizens who dont qualify for silver, gold, platinum or Private banking! The ANC dont care! Its not their problem! But those who lost their saving will vote for them again. Its a perfect relationship.

      Godfrey - 2012-01-16 19:36

      What a dumb headline. Does the writer honestly expect that it is possible for him to welcome this theft?

  • KCorsar - 2012-01-16 18:06

    This is laughable, condemns cyberheist, yet they can in their departments willfully and without recourse spend, plunder and steal to their heart's content. A little too much of calling the kettle black, dont you think. 42m / 25bn is hardly a drop against the greater scheme of unauthorised, irregular and misppropriated spending. When your own house is in order start throwing stones............ (no pun intended AND no racially orientated, before all you negative nanny trolls start hitting me with thumbs down)

      Vegi - 2012-01-16 18:26

      Did you commit the cyber crime, if not why are you defending the dirty criminals?

      Malcolm - 2012-01-17 08:12

      @Vegi. It is said that sometimes it's better to be silent and let the world think you're stupid, than to open your mouth and prove it.

  • leijn.tissink - 2012-01-16 18:09

    Ok , Parlement has condemned it-- How are the Postbank going to prevent similar theft in future?

      Jerhone - 2012-01-16 18:34

      parlament the lame ducks condem it, Oooooooo, now back to business of stealing from the poor

  • Vegi - 2012-01-16 18:11

    Newsreader This article has nothing to do with the ANC, so leave the ANC out of this. The ANC has a right to use its funds in the manner it deems fit, even if it holds celebrations every year.

      trevor06 - 2012-01-16 18:18

      Is Vegi short for vegetable???

      Newsreader - 2012-01-16 18:25

      WWHHAAAT? The ANC have nothing to do with this? You might have to go outside to see if there is a sky? The ANC have been in charge the last 18 years. So dont tell me the unemployment, the crime, the taxi crashes, the toll road fiasco. the Rhino poaching and all the 3rd world related BS such as Eskom power and blue light power drunk shananigans who consider themselves to be 'Official'. Your comment proves to be your worth in writing! Go VEGitate somewhere else!

      Newsreader - 2012-01-16 18:31

      No, its Vegi Stupid!

      TheWatcher - 2012-01-16 21:41

      I couldn't give a flying expletive what the ANC does with its own money but TAX money is the people's money that we give to the government to improve the lives of the poor, educate the country's citizens, build infrastructure and pay for essential services (cops, firefighters, garbage collection, water, etc...). The government wasted a huge amount of it on that ridiculous political stunt of a party. And don't even try to defend it saying that all the money was donated. Who paid to have the roads closed, who got all the cops on the prowl, who paid for the helicopters on patrol and all the other security? The average taxpayer that's who, people like me trying to make a living and provide for my children got to watch all that money get wasted on a pissup. If government or any government run/owned business screws up (as is happening a lot) then the ANC as the ruling party is to blame since it is their responsibility to supervise these organizations and hold them to task when things go wrong (A job increasingly done by the opposition parties I might add)

  • Vegi - 2012-01-16 18:13

    As for the bank heist, we know the people who normally pull off such daring heists. It is not the ordinary criminal, but the highly educated and sophisticated white collar criminal.

      Newsreader - 2012-01-16 18:27

      Yep, White people, black people, yellow people and see through people all wear white collars!

      trevor06 - 2012-01-16 18:28

      So then you right! The ANC clearly had nothing to do with this . . .

      Jerhone - 2012-01-16 18:35

      like the Nigerians you zombie

  • francoisvdmerwe - 2012-01-16 18:22

    ... conspiracy :) ...maybe the gov stole it :DD

      SarelJBotha - 2012-01-16 18:54

      Jip maybe they need it as a down payment for the toill road debt.

  • Vegi - 2012-01-16 18:30

    If you people support crime in the manner you do, it will never be defeated. Your comments giving moral support to the dirty criminals are a great dissappointment.

      Newsreader - 2012-01-16 18:41

      Hey old man River! or is it Grandma.... yout tv dinner is getting cold. Stop writing incoherent crap because its jamming up the broadband. You have no .... ahhhh nevermind! Just put your teeth in the glass before you sleep!

      trevor06 - 2012-01-16 18:45

      Vegetable - How is supporting a cyber criminal, and the ANC any different? They are all DIRTY CRIMINALS!!!

  • grenville.felton - 2012-01-16 18:45

    Well Well Well Fuc..... Gov been stealing form us for years whats new. worried gov officials probably own shares in the bank no gravy for a while.

  • MarkH - 2012-01-16 18:50

    Oh C'mon people, you lot are stealing a lot more than that from the treasury every month and now you're horrified that somebody could have the audacity to steal from you! Have you checked lately on how many salaries you're paying to cadres that are either dead, in prison, on suspension, in hospital dying.......?

  • SarelJBotha - 2012-01-16 18:53

    How could this happen without inside info?

  • Vegi - 2012-01-16 18:57

    jerhone You are clearly a troll, otherwise you would not be making the senseless comments. Day in and day out you sit behind your computer and blame the government for all things, including the weather. According to your tiny brain, there is not a single good thing that this government has done, despite the fact that: Now almost all citizens have access to clean drinking water More schools have been built More hospitals have been built More roads have been built More stadiums have been built More prisons have been built Our people have access to all jobs There is peace amongst all the races, no petrol bombs are thrown at each other Farmers are able to export their produce Almost all our people have access to electicity, despite the fact that rightwingers are stealing 47% of all electricity stolen by citizens yearly. Almost all our people have access to water despite the efforts of rightwingers. The government is tirelessly working to improve our lives despite the whining and whinging rightwingers. We should all praise the government for the successes and condemn it for the failures.

      Brian - 2012-01-16 19:14

      more illegal people are using our resouces

      Newsreader - 2012-01-16 19:34

      You also forgot! More people are raped More people are murdered More people are corrupt more people are pissed off.. but like you say its much better for people lik eyou!!

      Malcolm - 2012-01-17 08:33

      @Vegi: You must be living in Germany

  • Gordon - 2012-01-16 18:58

    @george how right you are that it is totally impossible to withdraw that much money from atms how many people are involved hundreds?????

  • Chris - 2012-01-16 19:02

    The reason parliament condemned the theft is because the thieves got to the money before them

  • niccinicnacs - 2012-01-16 19:18

    Ja its not so nice when they steal from you. ALL theft should be condemned!

  • Carl - 2012-01-16 19:29

    they pissed off because they cant stick their dirty fat snouts into the money now that its gone

  • Heinrich - 2012-01-16 19:32

    I find this very difficult to swallow.If one does a few calculations, one would see either very large withdrawals per transaction per ATM or a huge number of syndicate members and/or a very large number of different accounts opened. Time and kept secrecy would have been against the syndicate.What about FICA? My guess is the ANC needed some more money and merely orchestrated a withdrawal from this government controlled financial institution.

  • TheWatcher - 2012-01-16 21:52

    this is what happens when you leave your password at its default or use something stupid like 'god' 'sex' 'password' or other easy to guess entries. And before you thumb down me for speculating I fix a lot of people's computers (businesses on occasion as well) and 9 times out of 10 I can access anything I need to fix it by using the default passwords (and i'm talking accounting firms and essential services). Nothing funnier than a boss walking in and asking if I need the password to get into his computer then seeing the expression on his face when I tell him I didn't need it because I used the default admin passwords to get in.

  • willem.wulfse - 2012-01-16 22:02

    The pot calling the kettle black. Only part that they regret is that the money didn't go to the elite, or perhaps it did.

  • reza.daniels1 - 2012-01-17 09:27

    Pot......kettle.....black..........enough said

  • Eva - 2012-01-17 10:19

    Herpes is a very common STD. Also, it seems that the sexy guys and girls are easier to? get Herpes. A friend of mine who used to work for match. com and now works for the largest Herpes singles dating site datingpoz...C óM tells me that the ratio of good-looking members on datingpoz.C óM higher than the ratio of Match.

  • nyirendamd - 2012-01-17 10:24

    This is a sad but real wakeup call for Mzansi. Big Questions are: 1. Does Postbank have properly qualified IT Professionals? 2. Do their professionals have any IT Security Skills? 3. Do those skills include any cyber security or forensics skills or is it plain, old Computer Science which is nothing but a lot of theoretical crap? 4. If Postbank had the proper staff & skills, they would have put in place Security Mechanisms that would have "tipped" them off of possible breaches and unauthorised entry into their systems. Sadly, SA and SAQA are not open to any skills that are not "proudly South African".

  • pages:
  • 1