// INCIDENT · 2020-06 · BANKING / PUBLIC SECTOR

Postbank (South African Post Office).

Insider-related key compromise. Card replacement reported to cost about R1bn; an internal report recorded about R56m stolen from social grant beneficiaries through some 25,000 fraudulent transactions.

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Date2020-06
SectorBanking / public sector
TypeInsider-related key compromise
RecordsAbout 12 million cards to be replaced (reported)
AttackerEmployees, according to internal Postbank reports seen by the Sunday Times
StatusReported (Sunday Times, from internal reports)

How the attack happened.

Master encryption key printed in unencrypted form at the old Pretoria data centre and allegedly stolen

Impact.

Card replacement reported to cost about R1bn; an internal report recorded about R56m stolen from social grant beneficiaries through some 25,000 fraudulent transactions.

Primary sources.

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