Investment firm has to refund R804,000 stolen by Gmail hackers

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Investment firm has to refund R804,000 stolen by Gmail hackers

Global & Local’s argument around email signatures doesn’t wash, says Supreme Court judge

Cape Town bureau chief

When Nick Fouché asked an investment adviser to look after his money, he thought it would be safe in an Investec account.

Then his Gmail was hacked, and the adviser transferred R804,000 on the strength of emails sent by scammers.

Fouché, a mining consultant, won a Johannesburg High Court ruling ordering Global & Local Investment Advisors to refund the money, but the Emmarentia firm appealed...

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