cyber-attack

South African banks on Thursday were attacked by distributed denial-of-service attacks, said the South African Banking Risk Information Center (SABRIC) on Friday.

SABRIC said the the attacks did not involve hacking or a data breach and no customer data is at risk.

“The banking industry has been hit by a wave of ransom-driven distributed denial-of-service attacks, targeting various public facing services across multiple banks. These attacks started with a ransom note which was delivered via email to both unattended as well as staff email addresses, all of which were publicly available,” said SABRIC acting CEO Susan Potgieter.

Potgieter said robust defensive strategies have been invoked across the industry and they are confident that customer impact will be kept to a minimum. She said the banks have resilience and are prepared for attacks but they will monitor the situation.

“Threat intelligence which has surfaced has revealed that this is a multi-jurisdictional attack with entities from several countries being targeted and should therefore not be viewed as a targeted attack on South African companies only.” she said.

The City of Johannesburg on Friday also said their computer network system was hacked on Thursday night.

The city said people failed to report faults or access the call center or buy electricity due to the hacking. Cyber experts are working to resolve the issue. Enditem

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