Credit Bureau TransUnion has confirmed that its SA server has been hacked and the “criminals” have demanded a ransom to prevent consumer data from being leaked. “We have received an extortion demand and it will not be paid,” the bureau said.
But the breach could result in fraudulent attempts by criminals to impersonate banking officials and trick consumers into handing over banking PINs... A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily. Credit bureau TransUnion SA has refused to pay a $15m (R224m) ransom to hackers who stole sensitive consumer data, even after the hacking group ramped up demands, went to the media to embarrass the US-based bureau and approached its banking clients with ransom demands.
TransUnion SA, whose systems were breached by hackers demanding a ransom of $15m, could be in hot water with SA's Information Regulator if its safeguards ...
One of South Africa's largest credit bureaus, TransUnion, has been hacked. The company said in a statement on Friday that a third party obtained access to ...
“We understand that situations like this can be unsettling and TransUnion South Africa remains committed to assisting anyone whose information may have been affected.” What is claimed — that massive amounts of data subjects’ personal information which may have been accessed by unauthorised persons — makes this a serious incident and the regulator takes these allegations equally seriously. As our investigation progresses, we will notify and assist individuals whose personal data may have been affected.
JOHANNESBURG - Consumer credit reporting agency TransUnion has been hacked. It's received a demand for R22m ransom over four terabytes of compromised data.
With more than 54 million South Africans' personal information in the hands of hackers, following a massive cyberattack at the TransUnion credit bureau, ...
The state port operator, Transnet, also came under attack,leading to ports being shut for several days. Tshepo Mokoena, the chairperson of the IT firm IN2IT, says it is time for a nationwide consolidated response to combat the threats to the country. Hackers intercepted the City of Johannesburg and demanded more than R500 000.
TransUnion believes claims by its alleged hackers that 54 million South African records were compromised are actually from an old incident that doesn't ...
It is estimated that the personal information of more than 1.4 million South Africans was illegally accessed from its servers. Standard Bank also identified a data breach on its LookSee platform in November last year It reportedly threatened to attack TransUnion's corporate clients if the credit bureau didn’t pay it $15 million (about R223 million) in Bitcoin.
International credit bureau TransUnion confirmed this morning that it has been the victim of a hack by a 'criminal third party' and will not be paying the ...
“South African banks take the security of their customer data very seriously and have put in place robust risk mitigation strategies to detect potential fraud on accounts and protect customer personal information, as the investigation unfolds,” he says. - Do not use the information that may have been compromised. Asisa has already established a Cyber Security Incident Response Team with the aim of helping member companies combat threats to cybersecurity by encouraging and facilitating the sharing of cybercrime trends and other relevant information. A source noted that since the data was not being held back by the hackers for a ransom, the attempt is being treated as extortion rather than a ransomware demand. When you enter into agreements with your banks or other financial institutions, credit card companies, auto lenders, utilities or other creditors, you automatically consent to sharing credit and payment history with the credit bureaus. TransUnion says the hacking group obtained access via misuse of an authorised client’s credentials and the relevant account has been suspended.
TransUnion South Africa, is currently in an ongoing battle with a hacker group that is demanding a $15 million (R225 million) ransom over four terabytes of…
Following the cyberattack on credit bureau TransUnion, the South African Banking Risk Information Centre (Sabric) has said it is working with local banks to ...
However, a TransUnion spokeswoman said on Saturday that the company believes the 54 million records “relate to a 2017 data incident unrelated to TransUnion”. ITWeb reported on Friday that the attackers, the Brazilian hacker group N4autysecTU, had stolen the personal records of 54 million South Africans in a breach involving 4TB of data. It confirmed, too, that it had received an extortion demand – with the attackers reportedly seeking US$15-million in payment.
IT Web reported today that credit bureau Transunion SA has been hacked and the hacker group is demanding $15-million ransom for more than four terabytes of ...
They are saving virtually everyone with a credit record in South Africa is potentially going to be there. It's quite shocking that they have so much information.Admire Moyo, News editor - IT Web The sent me details that they have obtained from the TransUnion database, which included information of myself such as cellphone numbers, email addresses, the apartments that I have stayed in before and so forth.