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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