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Standard Bank tackles online fraud.

Standard Bank estimates that the antiphishing software it made available to its account holders free of charge at the beginning of June prevented more than R4m in potential fraud within a week. It warned 120 clients they were in the process of revealing their login details to a scam website. The package that Standard Bank distributed, called Rapport, had been downloaded by 178,000 clients and found 7,600 of their computers were infected with malware. Of these malware infections, 380 were believed to be serious cases aimed at stealing confidential data. It also found that more than 1,300 Standard Bank clients had been duped into visiting 'phishing' sites designed to persuade them to reveal user names, passwords and PINs.

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Publication:African Banker
Date:Jun 30, 2010
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