Over R150 million stolen in Postbank security crisis

[Bradley Prior]

Over R150 million stolen in Postbank security crisis

Postbank insiders have helped criminal syndicates steal over R150 million that should have gone towards helping South Africa’s poorest families, Sunday Times reports.

 

[Petec]

No one really gives a crap about anyone or anything in this country anymore.
Viva cANCernomics

 

[r00igev@@r]

They been stealing post for years. They had to move on to other things as no-one uses the kuk Post Office anymore.

 

[PaulGherkin]

Another ANC success story

 

[Gazg]

No end to the BS in this place........

 

[Tanarri]

Bloody effen idiots.

 

[TPM]

Do lifestyle audits.
In these cases, SAPS should request all bank transactions for part 5 years of suspects.

 

[kolakidd]

“It points to a concerted effort of sabotage against the bank,” stated Ndala.

Nope. just opportunistic crime leveraging unbelievable incompetence that would shut the doors of a private sector company. A CEO making a statement like that just demonstrates a staggering lack of understanding.

 

[Enzo Matrix]

Do lifestyle audits.
In these cases, SAPS should request all bank transactions for part 5 years of suspects.

Saps. Lol

 

[gregmcc]

Viiiiva comrades. Steal and pillage everything.

 

[Napalm2880]

“It points to a concerted effort of sabotage against the bank,” stated Ndala.

Nope. just opportunistic crime leveraging unbelievable incompetence that would shut the doors of a private sector company. A CEO making a statement like that just demonstrates a staggering lack of understanding.

I've heard of auditors walking away from Post Bank because their IT systems are such a unmitigated disaster. No DR for anything. They leaked the private key for something like 12 million SASSA cards - which was mentioned in the article. No process for issueing cards (they couldn't track which batches of cards were sent where). Contractors set up Linux servers and the full time IT staff that are supposed to maintain them don't know anything about linux.. and so on.

 

[rvZA]

And there are still people who do not know why they wanted to take over grant payments....

 

[rvZA]

Even when fraud is discovered, it is difficult to trace the transactions to a particular staff member.

Highly sensitive systems, including Postbank’s integrated grant payment system, are being accessed using a single set of credentials.

Up to 40 employees, ranging from junior to senior staff, have this key.

And this is why there will be no prosecution.

 

[Vrotappel]

Do lifestyle audits.
In these cases, SAPS should request all bank transactions for part 5 years of suspects.

The ones doing the audits are in on it.

 

[R13...]

Disband the thing and close it as it is obvious they can't find enough decent people to not steal or at best stop/arrest the thieves,

 

[2025]

A few years ago post bank owed us some money. It took a a while to get the money they owed to be paid.

Sounds like it would have just been quicker and easier to steal the money owed to us.

 

[TEXTILE GUY]

Give them another chance!
Give them another chance!

 

[grok]

Over R150 million stolen in Postbank security crisis

Postbank insiders have helped criminal syndicates steal over R150 million that should have gone towards helping South Africa’s poorest families, Sunday Times reports.

**** the poor, let them learn to love & vote for the DA if they want to prosper.. aint gonna happen under the ANC. Or the EFF lol..

 

[Limpopoking]

Stolen eh? Who woulda thought?

 

[DarkWater]

Sigh, everything is so depressing