$12 Million Stolen in 3rd Attack on SWIFT System
Bangladesh is not the only bank that had become victim to the cyber heist.
In fact, it appears to be just a part of the widespread cyber attack on
global banking and financial sector by hackers who target the backbone
of the world financial system, SWIFT.
Yes, the global banking messaging system that thousands of banks and companies around the world use to transfer Billions of dollars in transfers each day is under attack.
A third case involving SWIFT has emerged in which cyber criminals have stolen about $12 million from an Ecuadorian bank that contained numerous similarities of later attacks against Bangladesh’s central bank that lost $81 Million in the cyber heist.
Yes, the global banking messaging system that thousands of banks and companies around the world use to transfer Billions of dollars in transfers each day is under attack.
A third case involving SWIFT has emerged in which cyber criminals have stolen about $12 million from an Ecuadorian bank that contained numerous similarities of later attacks against Bangladesh’s central bank that lost $81 Million in the cyber heist.
The attack on Banco del Austro (BDA) in Ecuador occurred in January 2015 and, revealed via a lawsuit filed by BDA against Wells Fargo, a San Francisco-based bank on Jan. 28, Reuters reported.
Here’s how cyber criminals target banks:
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