The Post Bank versus Pentagon
[Johannesburg, 25 January 2012] -
The SA Postbank, part of the SA Post Office, became the target of cyber crime this month, losing R42 million when the system was accessed illegally and funds transferred into mule accounts. They say in war, the first casualty is the truth, and during information warfare this is even more the case. This has been the case with the ongoing media speculation, and at this stage, the truth about what actually happened is still uncertain.However, there are two things that should be highlighted. Firstly, there is an urgent need for the approval of the South African National Cyber Security Policy, which has been pending for nearly two years and which would not only clearly defines minimum security standards, but also establishes incident response teams to handle similar incidents.Secondly, organisations need to consider the impact of the Protection of Personal Information Act, which requires mandatory disclosure of unauthorised access to personal information, as was clearly the case.
[Full Story.]
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