Hackers Steal R42 Million in Cyber Bank Robbery

The first major cybercrime of 2012 has taken place in South Africa, with hackers made off with about R42 million from Postbank, which is state-owned and part of the South African post office.

According to the Sunday Times, the hackers used stolen login details for a Postbank teller and a call center agent to transfer about R42 million into multiple bank accounts that were opened across the country late last year. Read more