Category Archives: PostBank

Copied master key forces South African bank to replace 12 million cards

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Fraudsters stole more than $3.2 million from the banking division of South Africa’s post office, after – in a catastrophic breach of security – employees printed out the bank’s master key.
Read more in my article on the Tripwire State of Security blog…. Continue reading Copied master key forces South African bank to replace 12 million cards→

South Africa’s PostBank is Replacing 12 Million Bank Cards After Major Security Breach

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South Africa’s Postbank has suffered a major data breach, forcing the financial institution to replace 12 million bankcards after rogue employees stole its 36-digit master key. Data breaches have become a day-to-day struggle for businesses and or… Continue reading South Africa’s PostBank is Replacing 12 Million Bank Cards After Major Security Breach→