Software security firms could be laughing all the way to the bank after the Absa hack attack. Peer pressure, driven by Standard Bank, could force banks to follow its lead by supplying free anti virus and firewall software and a novel device to circumvent keystroke logging software. CEO Jacko Maree said the bank had struck a bulk-buying deal with software firm McAfee to let its 260000 online customers and any new users download the software for free. He declined to say how much that was going to cost, but an individual buying the package would pay about R400. “It was millions. But it was a case of let’s solve the problem and not worry about the money.” The Absa attacks saw a total of R530000 siphoned from several accounts. The hacker used genuine passwords, which he allegedly stole by planting software on PCs to record the strokes typed in by the customers. Full Story
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