Bank Card "Master Key" Stolen
South Africa’s Postbank experienced a catastrophic security failure. The bank’s master PIN key was stolen, forcing it to cancel and replace 12 million bank cards. The breach resulted from the printing of the bank’s encrypted master key in plain, unencrypted digital language at the Postbank’s old data centre in the Pretoria city centre. According to a number of internal Postbank… Continue reading Bank Card "Master Key" Stolen