Despite suggesting that South African banks may be vulnerable to cybercrime, the hack has also shown that at the very least, Old Mutual has systems in place to protect the most sensitive of customer data.
Understanding of different data domains – it is vital that individuals understand where and how corporate data is stored e.g. local devices, corporate network, cloud etc., as well as the risks inherent in each.
The researcher, who identified himself only as MalwareTech, is a 22-year-old from southwest England who works for Kryptos logic, a Los Angeles-based threat-intelligence company.
The EIF supports European small and medium-sized businesses by helping them to access development finance, while the Luxembourg Future Fund is a EUR 150 million sovereign investment fund which aims to invest in the sustainable development of the Luxembour
The attack started with a standard phishing attack in order to gather usernames, passwords, phone numbers, and bank account information from the victims.