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Submitted: January 17, 2012 - 9:40pm
Originally published: January 17, 2012
Last updated: January 17, 2012 - 9:50pm
Originally published: January 17, 2012
Last updated: January 17, 2012 - 9:50pm
Source:
InfoWorld
Author:
Ted Samson
Location:
Postbank, 9300, South Africa
A remarkably lucrative $6.7 million cyber bank heist of South Africa's state-owned Postbank provides an outstanding case study of just why 2011 was the year of the cyber criminal: The insecurity of the Internet, coupled by organizations' failure to embrace sufficient security practices, make cyber crimes too high-value and low-risk for bad guys to resist.
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