The Scorpions have arrested a Cape Town man suspected of hacking into bank accounts.
The Scorpions have arrested a Cape Town man suspected of hacking into bank accounts.
The man was arrested after a joint operation by the Scorpions, Standard Bank and a UK-based security firm, which traced the man through his prepaid SIM card on his mobile phone, Standard Bank said yesterday.
The man, who is out on bail and under house arrest, has been linked to at least 120 counts of online fraud affecting most of South Africa's major banks.
Several international banking customers were also affected.
Standard Bank security head Herman Singh confirmed that clients from the various banks had been affected by the scam, which gleaned their details - using spyware - at Internet cafes across the country.
The arrest is the first of its kind involving a substantial amount of money and affecting all major South African banks.
"Apprehending cyber fraudsters is not something that happens very often. We are very proud of the work and dedication shown by all the parties involved in apprehending the suspect," Singh said. - Sapa
Suspected of 120 counts of online fraud
The Scorpions have arrested a Cape Town man suspected of hacking into bank accounts.
The Scorpions have arrested a Cape Town man suspected of hacking into bank accounts.
The man was arrested after a joint operation by the Scorpions, Standard Bank and a UK-based security firm, which traced the man through his prepaid SIM card on his mobile phone, Standard Bank said yesterday.
The man, who is out on bail and under house arrest, has been linked to at least 120 counts of online fraud affecting most of South Africa's major banks.
Several international banking customers were also affected.
Standard Bank security head Herman Singh confirmed that clients from the various banks had been affected by the scam, which gleaned their details - using spyware - at Internet cafes across the country.
The arrest is the first of its kind involving a substantial amount of money and affecting all major South African banks.
"Apprehending cyber fraudsters is not something that happens very often. We are very proud of the work and dedication shown by all the parties involved in apprehending the suspect," Singh said. - Sapa