Hackers snatch $6.7m in South African cyber bank robbery

Posted January 20, 2012

A mere three years after a South African bank spent $1.8 million on a new fraud-detection system, hackers managed to swindle $6.7 million out from under that system’s nose. Although customer funds are thought to be safe, would you actually trust your money to an institution vulnerable to getting hacked so brutally? Read it. 


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