• All Share : 48362.22
    UNCHANGED0.00%
    Top 40 : 4183.85
    UNCHANGED0.00%
    Financial 15 : 13650.32
    UNCHANGED0.00%
    Industrial 25 : 54866.52
    UNCHANGED0.00%

  • ZAR/USD : 10.4857
    DOWN -0.07%
    ZAR/GBP : 17.6105
    DOWN -0.02%
    ZAR/EUR : 14.4899
    DOWN -0.07%
    ZAR/JPY : 0.1024
    UP 0.04%
    ZAR/AUD : 9.7903
    DOWN -0.05%

  • Gold : 1294.9000
    UP 0.39%
    Platinum : 1413.0000
    UP 0.28%
    Silver : 19.6400
    UP 0.04%
    Palladium : 797.0000
    UP 0.63%
    Brent Crude Oil : 109.530
    UNCHANGED0.00%

  • All data is delayed by 15 min. Data supplied by I-Net Bridge
    Hover cursor over this ticker to pause.

Fri Apr 18 15:06:23 SAST 2014

South African bank card details leaked

Sapa | 09 November, 2012 14:54
Credit cards
Image by: Gallo Images/Thinkstock

Private credit card and banking details have been leaked during a breach at a company which processes online transactions, the Payments Association of SA (Pasa) said on Friday.

Pasa CEO Walter Volke said there was no need for "undue concern" by cardholders.

"There are indications at this stage that only a limited number of card details have been accessed by outside organisations, and as a result limited fraud has been perpetrated," he said in a statement.

He said card-users needed to report suspicious account transactions to their banks.

Pasa discovered the breach earlier in the week.

The company which processed the online transactions "serves a number of large online merchants", it said.

"The card data emanating from these online transactions seems to have been stored in a manner which does not meet the stringent security standards expected by Pasa, the international card schemes and the banks," Volker said.

"Pasa has been working with the banks and the card schemes to implement immediate measures to block the potential exposure of the card data.

"Should fraudulent transactions be perpetrated on any of these cards as a result of the data compromise, cardholders would not be exposed to any losses -- as is the case under normal circumstances," he said.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.
Fri Apr 18 15:06:23 SAST 2014 ::