[ISN] South African Banks Lose Out In Dexter Malware Fraud

http://www.redorbit.com/news/technology/1112976684/dexter-malware-strikes-south-africa-banks-101613/ By Peter Suciu redOrbit.com October 16, 2013 The Showtime series Dexter wrapped up its run last month, but the serial killer lives on – and not in ways that the show runners or the network would likely have had in mind. South African banks have been hit by malware known as “Dexter” that could be one of the biggest cyber-fraud attacks in its history. According to the Payment Association of South Africa (PASA), the body that oversees local financial transactions, a payment card system of thousands of shops, restaurants and hotels had been compromised and losses are in the tens of millions of rands – just over $1 million (US). “There’s not a single bank that hasn’t been affected,” PASA Chief Executive Officer Walter Volker told Bloomberg in a phone interview on Tuesday. “We first detected higher volumes of fraud early in the new year.” The hackers are believed to have loaded software via compromised computers at various outlets, which captured the data stored on the magnetic strip of a bank card. From here the hackers were able to either produce their own fraudulent cards or may have sold the compromised data to a third party. […]




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