Re: Standard Bank compromising account information security?

gotfredsen — Wed, 06 May 2009 09:00:56 -0000

I know of 3 current examples of similar events:
1) Our client - a large utility company, wanted us to return a payment done to us into "their" account, because they "forgot" to add the VAT and they could only pay the full amount. We told them that the money was gone, but if they paid the right amount we would return the old transaction. They did - supprisingly - and obviously want the first payment back to their "account". They would not send us an email or fax with the account number, but simply asked us to write it down. We have since - this week, contacted the head of the utility company, who told us "it wasn't first time" and their forensic department are now looking at it. You must have a lot of problems in your company, if you have a forensic department.
2) Family members of us stopped receiving statements from the bank. Only after great effort did they manage to get the bank statements, and once recived they realised that their savings account has been used to finance a cell phone contract not related to them. They still haven't been refunded/reimbursed. Same family had the same type of experience with the same saving account a short while ago. This time they could not withdraw from the account since the account was used as surityship to something for them completely unrelated.
3) Right now we are investigating a company credicard account where the bank has also suddenly stopped sending bank statements, and we believe that there is something fishy going on.

In all 3 cases, we believe that somebody in the bank is aiding these activities.

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Re: Standard Bank compromising account information security?