By Vernon Pillay for IOL Debt-IN, a debt recovery solutions partner to many South African financial services institutions, including African Bank, has announced that a ransomware attack by cybercriminals has resulted in a significant data breach of consumer and...
CRIME ALERT
African Bank customer data may have been hacked
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Hawks arrest Experian breach suspect
Source: ITWeb The Hawks’ Serious Commercial Crime Investigation unit has arrested a 36-year old suspect in Gauteng for his alleged involvement in last year’s Experian data breach. Last August, credit bureau Experian suffered a data breach that exposed the personal...
Beware this online store selling “recovered loot”
A new fake online shop is scamming South Africans out of money by claiming to sell stolen goods recovered from the looters who ransacked stores in July’s unrest. This is according to a recent report by MyBroadband. Bulksales.store was brought to the attention of...
Shoprite won’t reopen some looted stores
Source: News24 Shoprite has decided not to reopen six of the 231 stores that have been “significantly” damaged during the civil unrest in KwaZulu-Natal and Gauteng in July. Some 83 stores remained closed, with 47 of these stores “significantly...
How Sasria will pay unrest claims
By Khulekani Magubane for News24 As the South African Special Risk Insurance Association (Sasria) works through claims in the wake of violent unrest and looting in July, any allocations beyond the R3.9 billion it got in July will be outlined in Finance Minister Enoch...
Fraudsters scam over R500m out of insurers in 2020
By Londiwe Buthelezi for News24 With Covid-19 waging a brutal war on human life, 2020 became one of the toughest years for insurers as death claims surged to levels not seen in recent history. Insurers paid R522.7-billion to policyholders and beneficiaries in 2020...
$611m stolen in cryptocurrency hack
By Emma Mayer for Newsweek Poly Network, a protocol for swapping cryptocurrency, including bitcoin, announced on Tuesday that it was hacked, resulting in the loss of $611-million. The hack is suspected to be the largest fraud in “decentralised finance,” or...
Tracker data shows change in hijacking trends
Source: Business Insider SA Though Gauteng remains the country’s hijacking capital, more hijackings are now taking place in KwaZulu-Natal and the Western Cape. Gauteng has been the epicentre of vehicle crimes since Tracker started tracking hijacking and theft...
Transnet cyberattack impacts delivery of goods
Source: eNCA Concerns are mounting over the effects of the sabotage of Transnet’s security systems. A cyber attack has forced the entity to declare a force majeure, affecting the transport of goods including perishables. But a recovery plan is in place. The recent...
Stationery and home office products industry affected by looting
shop-sa is saddened to hear of the following reports of industry members affected by the recent looting. Two PostNets have been affected Stationery / B2B online businesses operating from KwaZulu-Natal were out of action for a week as couriers where shut down due to...
How riots shut SA’s trucking industry down
By Penelope Mashego for News24 Telematics company Netstar says in just five days three of its biggest clients lost out on more than 613 000km in delivery trips in due to the recent looting and unrest in the country. On Wednesday, the company said the lost kilometres...
45 000 businesses affected by riots
Durban has borne the brunt of the ongoing unrest, with 45 000 businesses out of commission and an estimated R16-billion in stolen stock, and damage to infrastructure and equipment. This is according to News24. The damage so far has been tallied as follows: The unrest...
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