Exposed: The modus operandi of SA’s cyber crime cartels…

Loading player...
The chilling methods of South Africa’s cyber crime cartels and cyber criminals are laid bare by Tiaan Lombard, a cybersecurity and intelligence expert. Speaking to BizNews, he says: “If I want to gain access to, let's call it a banking system or a judicial system, whatever the case may be, it's a matter of entering into the bank, leaving a flash drive in the toilets with a key holder and a couple of keys on it that not identifies me and somebody somewhere is going to pick that device up and stick it into their computer. And at that moment, you are compromised.” He says such devices can be ordered online to commit cyber crimes. “These are done by highly, highly skilled, organised cartels that know that South Africa does not have the ability to stop this..”
28 Aug 2024 6AM English South Africa Investing · Business News

Other recent episodes

SA's Competition Commission has become a handbrake on the economy: Rob Rose

Bryan Brownrigg was never a currency trader. He sold foreign exchange to Standard Bank's institutional clients for 23 years. But when the Competition Commission decided that 28 banks had run a single conspiracy to rig the rand, his name went into the complaint anyway, and it took a decade and…
11 Sep 7AM 20 min

He built a $1.5bn bank. Now Revolut, Discovery Bank and PEP are circling

In this interview with Irakli Rekhviashvili, Tyme Group co-founder Coenraad Jonker gives his take on what actually protects a digital bank once the competition catches up, and why he thinks the old rules of banking no longer apply. On competitive advantage, he says: "I'm saying to my guys increasingly, I…
11 Sep 7AM 50 min