{"id":124539,"date":"2016-05-23T09:21:12","date_gmt":"2016-05-23T07:21:12","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=124539"},"modified":"2016-05-23T09:22:45","modified_gmt":"2016-05-23T07:22:45","slug":"standard-bank-cards-used-in-r300-million-fraud","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/124539\/standard-bank-cards-used-in-r300-million-fraud\/","title":{"rendered":"Standard Bank cards used in R300 million fraud operation"},"content":{"rendered":"<p>The South African banking operations of Standard Bank Group have been <a href=\"http:\/\/mybroadband.co.za\/news\/banking\/165828-massive-south-african-credit-card-leak.html\"><strong>the victim of a sophisticated, coordinated fraud incident<\/strong><\/a>.<\/p>\n<p>\u201cThis involved the withdrawal of cash using a small number of fictitious cards at various ATMs in Japan,\u201d said Standard Bank\u2019s Ross Linstrom.<\/p>\n<p>\u201cThe target of the fraud has been Standard Bank and there has been no financial loss for customers.\u201d<\/p>\n<p>Standard Bank said it has taken action to contain the matter, and the gross loss to the bank is estimated at R300 million.<\/p>\n<p>\u201cThis is prior to any potential recoveries that may serve to reduce the loss,\u201d said Linstrom.<\/p>\n<p>He said the authorities have been alerted and that investigations are at a sensitive stage.<\/p>\n<h3 class=\"my-4\">More on leaks<\/h3>\n<p><strong><a title=\"Permalink to Gupta company asks Zuma for help: leaked letter\" href=\"http:\/\/businesstech.co.za\/news\/business\/119597\/gupta-company-asks-zuma-for-help-leaked-letter\/\" rel=\"bookmark\">Gupta company asks Zuma for help: leaked letter<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to South African company exposed in Panama Papers global data leak\" href=\"http:\/\/businesstech.co.za\/news\/finance\/118935\/south-african-company-exposed-in-panama-papers-global-data-leak\/\" rel=\"bookmark\">South African company exposed in Panama Papers global data leak<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Zuma\u2019s nephew features in massive global data leak of the rich and famous\" href=\"http:\/\/businesstech.co.za\/news\/business\/118869\/zumas-nephew-features-in-massive-global-data-leak-of-the-rich-and-famous\/\" rel=\"bookmark\">Zuma\u2019s nephew features in massive global data leak of the rich and famous<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Hackers leak SA government\u2019s sensitive financial data\" href=\"http:\/\/businesstech.co.za\/news\/government\/112817\/hackers-leak-sa-governments-sensitive-financial-data\/\" rel=\"bookmark\">Hackers leak SA government\u2019s sensitive financial data<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>R300 million has been stolen from ATMs in Japan with counterfeit credit cards using account information leaked from Standard Bank.<\/p>\n","protected":false},"author":31,"featured_media":124397,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[1334,26],"class_list":["post-124539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-fraud","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/124539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=124539"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/124539\/revisions"}],"predecessor-version":[{"id":124547,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/124539\/revisions\/124547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/124397"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=124539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=124539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=124539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}