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Postbank to replace 12M bank cards after employees steal 'master key'

timeslive.co.za

191–194 of 194 posts

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#191
post #167
post #158

Postbank is a subsidiary of South Africa's Post Office. An entity that is bankrupt and barely functional despite having a state mandated monopoly on an entire country's postal system. As per article they're also running the SASSA social grant system which is a train wreck in itself and has been buried in legal disputes for years (not random small cases...a challenge to the legitimacy of their core mandate on grants).…

To clarify: no one is compelled to use the South African Post Office. There are dozens of courier companies that offer much better service (legally). The SAPO operating model is the same as many/most other legacy postal services around the world, but more incompetently executed.

>no one is compelled to use the South African Post Office.

They are actually - and SAPO is trying to legally enforce it. Whether it sticks or not...we shall see.

https://mybroadband.co.za/news/business/346729-online-stores...

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#192

Earlier quoted context omitted.

I did not understand, what is a "stripped AR lower"? And why is TSA not allowed to open it? Edit: I guess AR is Assault Rifle?

In the US (not sure about your location or the laws in other countries), the part of an AR-15 that qualifies as the "firearm" in the eyes of the law is the lower receiver. It's a machined block of metal and does not do anything on its own. When transporting a firearm through air travel, it's supposed to be locked such that only the owner can open it. So you can claim you're carrying a firearm with nothing but a small…

thanks for the explanation. I am not living in US, so not very familiar.

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#193

Earlier quoted context omitted.

This sounds like a better idea than flying with AR-15 parts. Less likely to scare people, and less likely to raise flags or get put on some list.

I feel like a flare gun is more likely to scare than a lower receiver. A flare gun immediately looks like "a gun" whereas a block of metal doesn't look very threatening (assuming you don't have a tacti-cool one with skulls and garbage on it). I only flew with a stripped lower once, and the baggage attendant at the Delta counter had to wave a TSA agent over because they did not believe it was a firearm. I never had an…

More likely to scare, but since it's in a sealed case and looks like a firearm it's easier to get the attendant to accept that it is a firearm when checking it. It matches their expectations of what a gun should look like. And since it's in a sealed case nobody unexpected will see it anyway, so scares are unlikely.

Re: Postbank to replace 12M bank cards after employees steal 'master key'

#194
post #135

Earlier quoted context omitted.

I appreciate this. I wasn't familiar with Adi Shamir's secret sharing scheme. I found this video quite helpful in clarifying how it works for cases where only a subset of the participants are required to confirm the secret. https://www.youtube.com/watch?v=iFY5SyY3IMQ

The original paper on this “How to Share a Secret” by Adi Shamir is incredible. You should absolutely read it. - The system is proven to be information theoretically secure (not just computationally) - It uses only high school math - The paper is only TWO PAGES LONG I highly recommend printing this out on a single sheet of paper (double sided) and digging in. https://cs.jhu.edu/~sdoshi/crypto/papers/shamirturing.pdf

Thank you, I hadn't seen this before and "incredible" is definitely appropriate.
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