Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a …
Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February, a top police investigator in Dhaka told Reuters on Monday. …
A Bangladesh government-appointed panel investigating the cyber-heist of $81 million from its central bank in February found five officials at the bank were guilty of negligence and carelessness, the head of the panel told Reuters on Thursday. In his first …
While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market,” according to a new report published by the Geneva Association. The report, titled “Ten …
Hackers stole more than 2 billion roubles ($31 million) from correspondent accounts at the Russian central bank and from accounts in commercial banks, the bank said on Friday [Dec. 2], the latest example of an escalation of cyber attacks on …
The recent theft of money from accounts at retailer Tesco’s online banking arm caused the British authorities to enact contingency plans to allow lenders to share information after the attack, the Bank of England said on Wednesday. The bank also …
Retailer Tesco Plc’s banking arm said on Tuesday that 2.5 million pounds ($3 million) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank. Tesco …
Britain’s National Crime Agency (NCA) is leading a criminal inquiry into the theft of money from thousands of Tesco Bank accounts that the UK financial watchdog said was unprecedented. New cyber crime agency National Cyber Security Centre (NCSC), a government …
Veolia Environnement SA, the French utility that provided drinking water to 100 million people last year, has beefed up cyber security to protect installations from hackers. “Cyber crime is the main threat for the company,” Jean-Louis Fiamenghi, the head of …
Specialist insurer Hiscox has launched a new crime product, Hiscox Crime Insurance, designed to protect small businesses in the UK and Ireland against a broad range of fraudulent acts from both internal and external parties. Designed to complement other commercial …
