South Africa's central bank said on Tuesday it would push local banks to upgrade their cyber security after criminals used counterfeit Standard Bank cards to withdraw millions of dollars from ATMs across Japan.
Central bank demands tighter cyber security after Japan ATM heist
The gang used the fake cards to withdraw 1.4 billion yen ($13 million) in 14,000 transactions from ATMs at 7-Eleven convenience stores over three hours on a Sunday morning
Businessmen chat in front of a Standard Bank logo in Sandton outside Johannesburg, file.
REUTERS/Siphiwe Sibeko
The gang used the fake cards to withdraw 1.4 billion yen ($13 million) in 14,000 transactions from ATMs at 7-Eleven convenience stores over three hours on a Sunday morning, according to a source familiar with the matter.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
My govt recruited 5,000 workers in 7 years – Obaseki
Tinubu salutes workers as they await new minimum wage
MNJTF intensifies operation to eliminate Boko Haram, ISWAP in Lake Chad
756 schools to compete in Anambra sports festival
Residents protest plan to withdraw security from Edo ijaw communities
Gov Sani unveils ₦500m loan scheme for Kaduna workers
Obi salutes Nigerian workers amid countless obstacles and hurdles
Lagos community begs Tinubu to stop Umahi from implementing Lagos-Calabar road design
How we nurtured Anambra UTME candidate to score 324 in JAMB - LG Chairman
ADVERTISEMENT