Postbank spending R400 million over three years to upgrade its IT systems

[mylesillidge]

Postbank lost over R18 million in three months from cyber fraud

The South African Postbank is to spend R400-million over the next three years to upgrade and modernise its IT systems.

This follows the state-owned entity losing more than R18-million over a three-month period to cybercrime attacks.

 

[Supervan II]

Rather put it on red and let it ride

 

[rvZA]

... and it's gone

 

[Fuzzbox]

To spend 400m to upgrade is a waste of money
Another useless organ of state..
Seem to have the money for that but they cant pay medical aid and pensions.

No priorities here.

Nice tender for another useless IT company .

 

[lkswan747]

He said the accounts of 141 grant beneficiaries were hit in a cyber attack in August. The state-owned entity lost R5.8-million in this incident. This equates to each beneficiary receiving a R41 134,75 grant!!
Boy, I would sure like to receive a grant like this!

 

[_TrXtR_]

This sounds like stupidity trying to solve a problem.

 

[Pegging]

PostNet.

Costs the taxpayer nothing.

 

[Kosmik]

400 millio on what?

 

[ubercal]

Postbank lost over R18 million in three months from cyber fraud

The South African Postbank is to spend R400-million over the next three years to upgrade and modernise its IT systems.

This follows the state-owned entity losing more than R18-million over a three-month period to cybercrime attacks.

just get a few clever umlungus to sort out for 1% of the 400million and your problem will be sorted

 

[Harmonic]

Dafuq. I don't care what the system is, I can do it for 20 bar tops.

And as a bonus, it'll actually work.

 

[TheMightyQuin]

Dafuq. I don't care what the system is, I can do it for 20 bar tops.

And as a bonus, it'll actually work.

Not even required or part of the mandate.

 

[Big Sub-Zero]

To spend 400m to upgrade is a waste of money
Another useless organ of state..
Seem to have the money for that but they cant pay medical aid and pensions.

No priorities here.

Nice tender for another useless IT company .

This is Postbank and not SAPO

 

[Pegging]

This is Postbank and not SAPO

Is it not part of the Post Office?

South African Postbank SOC Ltd - Overview

Contacts: 497 Sophie de Bruyn and Jeff Masemola Streets Pretoria 0002 Tel: 012 407 6022 / 0800 53 54 55 Overview: <p>The South African Postbank is a deposit-taking state-owned banking institution. The government has announced plans to restructure and corporatise Postbank to enab...

nationalgovernment.co.za

Overseeing Department/Entity​

• South African Post Office (SAPO)

 

[Bewlen]

Lol. Go for it. Ahh, guavament.Rob your people blind. Nothing's gonna stop you in anycase

 

[wernervn]

Not even required or part of the mandate.

Exactly this. It would be cheaper to let the cyber fraud (theft) continue - R18m vs R400m for a system that won't work. The latter should also be categorized as cyber fraud...