He isn’t just out there hacking people up on the popular television series Dexter. Now he’s chopping up computers and costing millions.
South African banks have sustained millions of dollars worth of losses after criminals obtained payment card data from electronic point-of-sale terminals infected with malware, according to published news reports.
Hundreds of thousands of people have probably been affected by the fraud, which was primarily focused on KFC outlets and other South African fast-food restaurants, Bloomberg News reported Tuesday. The news service quoted an official with the Payments Association of South Africa as saying: “There’s not a single bank that hasn’t been affected.” In all, losses come to tens of millions of South African rand, which converts to millions of US dollars.