cyber attacks News

Cyber Bank Thieves Stole $12M from Ecuador Bank in 2015, Using SWIFT System

Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complied. Over …

UK Banks Ordered to Update Cyber Security After $81M Bangladesh Bank Heist

The Bank of England ordered UK banks to detail steps taken to secure computers connected to the SWIFT bank messaging network about two months after a still-unidentified group used the system to steal $81 million from Bangladesh Bank, according to …

Urgent Action Needed to Tackle Systemic Threat of Cyber Risk: Marsh & TheCityUK

Firms across the financial and related professional services industry need to take urgent action on their cyber risks, which present a “real and present danger” to the financial system, according to a new report published by TheCityUK and Marsh. Only …

SWIFT Warns of 2nd Malware Attack, Revealing Hacker Campaign Targeting Banks

SWIFT, the global financial messaging network that banks use to move billions of dollars every day, warned on Thursday of a second malware attack similar to the one that led to February’s $81 million cyber heist at the Bangladesh central bank. The …

Investigation of $81M Bangladesh Bank Heist Uncovers 3 Hacker Groups: Sources

Investigators examining the theft of $81 million from Bangladesh’s central bank have uncovered evidence of three hacking groups — including two nation states — inside the bank’s network but say it was the third, unidentified group that pulled off the …

Hackers in Bangladesh Bank Cyber Heist Pocketed About $70M; NY Fed Criticized

Hackers are likely to get away with about $70 million of Bangladesh’s foreign reserves after a brazen cyber-attack against the South Asian nation, according to Finance Minister Abul Maal Abdul Muhith. The Philippines — where most of the funds ended …

Bangladesh Bank Cyber-Heist Hackers Exploited Vulnerabilities in SWIFT Software

The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems. SWIFT, …

Bangladeshi Investigators Identify 20 Foreign Suspects in Cyber Bank Heist

Bangladeshi investigators have identified 20 foreigners – 12 Philippine nationals and eight Sri Lankans – suspected to have been involved in the cyber heist of tens of millions of dollars from its central bank, a police officer said on Monday. The officer …

Bangladesh Hack Opens Door to Attacks on Financial Institutions: Cyber Expert

The founder of cyber-security firm Kaspersky Lab expects more attacks on financial targets after hackers recently stole funds from Bangladesh’s central bank and moved the Russian ruble’s exchange rate. “Criminal innovations that we see in some parts of the world …

BAE Uses Cyber Skills Developed in British Intelligence Services to Help Clients

In January, BAE Systems Plc got a routine call from a new client: The health-care company’s computer systems were mysteriously crashing. BAE’s sleuths soon discovered a dangerous new strain of a virus called Qbot. Using skills honed via years of …