Breaking News

STANDARD Bank has been hit by clever fraudsters in Japan.

by Staff Reporter
23 May 2016 | 6913 Views
According to a report in Business Day today, a data leak on 15 May resulted in ¥1.4bn (almost R199 million) being stolen from about 1 400 automated teller machines (ATMs) in Tokyo.

Standard Bank said in a statement: "The South African banking operations of Standard Bank Group have been the victim of a sophisticated, co-ordinated fraud incident.

"This involved the withdrawal of cash using a small number of fictitious cards at various ATMs in Japan. The target of the fraud has been Standard Bank and there has been no financial loss for customers.

"Standard Bank has taken swift action to contain the matter and the gross loss to the bank is estimated at R200 million. This is prior to any potential recoveries that may serve to reduce the loss.




It said that authorities are investigating.

According to the Japanese newspaper Mainchichi, cops believe about 100 people were involved in the scam. In each of the almost 14 000 fraudulent transactions carried out, the maximum amount of

¥100 000 (about R14 310) was withdrawn from ATMs using the fake credit cards.

Styandard fraud

Source: Japanese newspaper, Mainchichi

Comments

Latest News

Will the system change if Chiwenga collapsed and died today?

by Hopewell Chin'ono | 18 August 2019 | 136 Views

Zimbabwe Constitution ignored - The Zimbabwe government has made it cl...

by Zimbabwe Vigil Diary | 18 August 2019 | 84 Views

Mnangagwa back from SADC Summit - President Emmerson Mnangagwa has arr...

by Staff reporter | 18 August 2019 | 501 Views

South African buffalo is nakéd, media goes on mute

by Zanele Lwana | 18 August 2019 | 639 Views

UZ investigating student accommodation scandal

by Staff reporter | 18 August 2019 | 556 Views

Caps United beat Bosso - Caps United 2 - 1 HighlandersCAPS took a huge...

by Staff reporter | 18 August 2019 | 406 Views

Another blow for Chamisa's MDC - POLICE in Bulawayo have banned an MDC...

by Staff reporter | 18 August 2019 | 1559 Views

SADC declares Zim solidarity day

by Staff reporter | 18 August 2019 | 1425 Views

Chamisa's MDC to appeal against demo ban

by Staff reporter | 18 August 2019 | 1453 Views

High Court dismisses application to stop MDC march - The Bulawayo High...

by Staff reporter | 18 August 2019 | 5589 Views

AU, UN to hear SADC position on sanctions, says Mnangagwa - President ...

by Staff reporter | 18 August 2019 | 1668 Views

Bad news for Mnangagwa faction

by Mary-Kate Kahari | 18 August 2019 | 14099 Views

Lumumba urges Zimbabwe political leaders to save 'this great country'

by Staff reporter | 18 August 2019 | 4183 Views

Chamisa says despot Mugabe is better than Mnangagwa

by Staff reporter | 18 August 2019 | 2068 Views

Phelekezela Mphoko speaks on arrest saga

by Mandla Ndlovu | 18 August 2019 | 7941 Views

Jonathan Moyo calls for UN invasion of Zimbabwe

by Staff Reporter | 18 August 2019 | 8118 Views

Police set to block MDC Alliance Bulawayo demos - Indications are that...

by Staff Reporter | 18 August 2019 | 1772 Views

Obert Mpofu behind Chief Ndiweni jail sentence, claims Coltart

by Staff Reporter | 18 August 2019 | 3121 Views

BREAKING: MDC Bulawayo demonstration stopped

by Mandla Ndlovu | 18 August 2019 | 7678 Views

Fellow Zimbabweans, could you please help me find my young children wh...

by Ryton Dzimiri | 18 August 2019 | 2425 Views

Mphoko wants ZACC to arrest Mnangagwa, Mugabe

by newzimbabwe | 18 August 2019 | 4865 Views

Pastor in hot soup over ID - A Zimbabwean pastor who was recently arre...

by Staff reporter | 18 August 2019 | 1485 Views

Gukurahundi victim documents horror story

by Staff reporter | 18 August 2019 | 850 Views

Lobengula descendants want Dabengwa honoured

by Staff reporter | 18 August 2019 | 687 Views

Man accused of stealing wheelbarrow - A Bulawayo man has been arrested...

by Staff reporter | 18 August 2019 | 378 Views

Chamisa, Mnangagwa need to compromise, says Coltart

by Staff reporter | 18 August 2019 | 891 Views

Vuzu parties stoke fears of upsurge in HIV cases - The raging phenomen...

by Staff reporter | 18 August 2019 | 451 Views

Zacc probes Mupfumira prison conditions

by Staff reporter | 18 August 2019 | 1071 Views

Entertainment

Zimfest delivers another 'phenomenal' festival

by Tidi Kwidini | 07 August 2019 | 629 Views

Should you be betting on reality TV show outcome too?

by Staff Writer | 05 August 2019 | 82 Views

WATCH: Jah Prayzah featuring Iyasa Sadza nemuriwo song

by Mandla Ndlovu | 23 July 2019 | 5596 Views

Muvhango star Marang Phala visits Prophet Sovi's church

by Mandla Ndlovu | 22 July 2019 | 9567 Views

Pure Black set to take Africa by storm

by Mandla Ndlovu | 04 July 2019 | 997 Views

'Cook Off' movie set for UK premiere

by Agencies | 02 July 2019 | 813 Views

Zimbabwean rapper teams up with top selling American singer

by Staff Reporter | 17 June 2019 | 1319 Views
iBlog

Samsung Gear Vr Innovator Edition For S6: The Perfect Vr Intro For Professionals

we're drenched in talk about the impending wave of consumer-facing vr headsets about to hit the market, starting at the end of 2015. by contrast, you can walk into a best buy right now and pick up the samsung gear vr innovator edition for the galax... Read More
Sergey 20 June 2015 ago

Five Reliable Outlook Pst File Repair Tools

Outlook pst files can become corrupted -- and when that happens, work grinds to a halt. if your organization relies on outlook, one of these tools could save the day. outlook is the industry standard groupware tool. let's take a look at five that can... Read More
ITnews 04 May 2015 ago