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This later article states:"This involved the withdrawal of cash using a small number of fictitious cards at various ATMs in Japan,” said Standard Bank’s Ross Linstrom.
“The target of the fraud has been Standard Bank and there has been no financial loss for customers.”
Having dealt with persons involved in bank security in the past, I am not surprised when he used the word "may" because generally speaking person in the game are very cautious about anything they say.Speaking on RSG, Von Solms said the theft may have been an inside job, where a Standard Bank employee had access to the credit card information of clients and sold it to a criminal syndicate.
He said there is speculation that the criminals captured the credit card details with skimmers, but Von Solms dismissed this option because of its complexity and difficulty.
He said it is unlikely that the criminals broke into Standard Bank’s systems, because local banks were well protected against hacking.
lol, an online transaction secret pin and an ATM secret pin does make sense though...Professor Totem Van Poles said: "If Standard Bank had simply scratched off the CVV numbers of all of their credit cards, this whole mess could have been avoided."