Hackers Steal $6.7M In Bank Cyber Heist

Orome1 writes "A perfectly planned and coordinated bank robbery was executed during the first three days of the new year in Johannesburg, and left the targeted South African Postbank — part of the nation's Post Office service — with a loss of some $6.7 million. The cyber gang behind the heist was obviously very well informed about the post office's IT systems, and began preparing the ground for the heist a few months before, by opening accounts in post offices across the country and compromising an employee computer in the Rustenburg Post Office."

Comments

"compromising an employee computer"

[omganton]

"Hey, can I check my Facebook real quick?"

Surprised it took so long for somebody to do this

[gweihir]

I was part of a small team that described a pretty similar attack scenario to a customer almost 10 years back. It is no surprise at all that this worked and it would work in a lot of other places as well. The only really tricky part is coordinating the mules (and keeping them quiet) as you do not know how much money is available at each specific ATM. But you can guess by observing usage patterns (counting customers) and how often they are re-stocked.

Summary is wrong

[Smallpond]

42m Rand is not 6.7m USD, it is more like 5.2m.

Re:Summary is wrong

[Formalin]

That's Zimbabwe. SA, while experiencing considerable inflation in the 90's, is reasonably stable now, and no where near the level of inflation in zimbabwe.

1 rand used to be worth around 1 USD, IIRC (apartheid era). inflation went up with political change, and by around 2000? it was 10 or so to a dollar, and is something like 6-7 these days. So 50-100% some years, less overall, which is bad... but not hyperinflation, where prices double in days or hours, instead of years (like in zimbabwe).

That's nothing

[midtowng]

Wall Street CEO's have been stealing much larger amounts from their own banks for years.

Re:How possible is it that it was an inside job?

[nothajan]

How could an investigation rule out a possible inside job?

In Soviet Russia, inside job rules out possible investigation.

Dear Mr. South African Postbank Postmaster General

[slas6654]

My very wealthy American uncle, who was the American consulate attache to Guyana, recently passed away. While we are very sad for his passing, he has left a great fortune in the Bank of Amerika that, unfortunately, cannot be transferred back to Guyana without completing the probate process. Since my wealthy American Uncle (Sam was his name) was too big to fail (er I mean die), I stand to inherit a great deal of wealth. I will gladly share with you this windfall at the Bank of Guyana if you will help me complete the probate. If you will kindly Paypal 52m Rand to help defray the cost of the probate, I will in turn send you 52billion US dollars. Please respond in confidence to my email address: Angelo.Mozilo@Countrywide.com.

honestly, this has probably happened in the USA

[decora]

im guessing that the main reason it seems like an 'unusual south africa thing' is because US banks never, ever talk about this kind of thing.

partly out of embarassment, partly because the entire system is based on 'security through obscurity'.

----

of course, oblig. comment about how thousands of US banks failed in 2008/9/10 due to the CDO fraud system - which directly involved and benefited the ratings agencies. but its almost like nobody cares about that. they care about 5 million stolen from ATMs, but not about 2 trillion stolen from the taxpayers.

...sigh... and they worked SO hard on the book.

[Shadowruni]

Read "Stealing the Network: How to own a Continent"

The whole book is this heist.

Literally.

Just check out the summary.

The thing that makes this book series special is that they don't say, "I ran nmap and knew from the output they were running a webserver."

They say "I ran nmap with 'sudo nmap -P0 -T3 -p 80 127.0.0.1 -oA localscan'

And got:

Starting Nmap 5.21 ( http://nmap.org/ ) at 2012-01-17 20:55 PST Nmap scan report for localhost (127.0.0.1) Host is up (0.000083s latency). PORT STATE SERVICE 80/tcp open http Nmap done: 1 IP address (1 host up) scanned in 0.07 seconds And could see from the line "80/tcp open http"

http://www.amazon.com/Stealing-Network-How-Own-Continent/dp/1931836051

//Has the whole series and still remembers the props I got from Blue bore.

///Yes I know the example is a bit contrived but that is exactly how they present information in the series and I learned a lot from it.