September 27, 2021

Hawks arrest suspect linked to massive data breach at South African credit reporting company

The Hawks arrested a 36-year-old suspect in Gauteng on Wednesday (15 September) following an investigation into the data breach at Experian in August 2020.

South African Banking Threat Data Centre (SABRIC) introduced that Experian, a client credit reporting company, had skilled a data breach, exposing the non-public particulars of thousands and thousands of shoppers in South Africa.

Experian initially confirmed that it had skilled a breach of data which uncovered some private info of as many as 24 million South Africans, and 793,749 enterprise entities, to a suspected fraudster.

It launched an announcement saying that its system had not been hacked, assuring clients that no monetary data was compromised. Nevertheless, private info was leaked, together with; client addresses, ID numbers, names, and occupations.

“Our investigations indicate that an individual in South Africa, purporting to represent a legitimate client, fraudulently requested services from Experian,” the company mentioned.

“The services involved the release of information which is provided in the ordinary course of business or which is publicly available.”

“We can confirm that no consumer credit or consumer financial information was obtained. Our investigations do not indicate that any misappropriated data has been used for fraudulent purposes.”

It added that its investigations present that the suspect had supposed to use the data to create advertising and marketing leads to provide insurance coverage and credit-related companies.

In an announcement on Wednesday, the SAPS mentioned that it’s alleged that Experian entered right into a contract with the suspect who purported to be a sure Tebogo Mogashoa, a director of Talis Holdings.

“The agreement gave the person access to the personal information held by the credit bureau of millions of people. The suspect then proceeded to download approximately 23 million personal data records and 727,000 business records.”

The suspect then tried to promote these information at about R4.2 million, the police mentioned.

“Consequent to his arrest, the suspect is expected to appear in the Palm Ridge Magistrates court today, 15 September 2021 on charges of fraud and the contravention of the Electronic Communications and Transactions Act.”


 

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