Was Netcash Hacked?

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One of the Web AddiCT(s) banking accounts was mysteriously debited by Netcash for R2993.47 by Best2Ads via NetCash on 23 December 2005. Who is best2Ads you might ask?

Not sure but this is what Netcash have to say about themselves.

We specialise in EFTS (Electronic Fund Transfer Services). netcash has developed an online debit order collection service that allows you to cost effectively receive money and collect debit orders. Our Debit Order collection service is the first online system of its kind in South Africa.

On 23 December one of the Web Addicts(s) got a call from Netcash that someone got a hold of account numbers through the internet & used the netcash debit order system to debit those account numbers for Over R1 000 000.00 (1 million).

R1 million divided by 3 thousand = just about 330 accounts.

None of the Web AddiCT(s) use Netcash. We considered utilizing their services and completed the online application form. We have continually been receiving automated reminder emails even though I requested them to discontinue sending them?

Could this be where best2ads got our account details from, an insecure ‘pending accounts’ database?

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