bank cyber attacks News

Bangladesh Police Detail How Insiders May Have Aided Cyber Bank Heist

A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to some IT technicians from the bank whom he suspects hooked up its transactions system to the public Internet, giving hackers …

ThyssenKrupp’s Trade Secrets Targeted in ‘Massive’ Cyber Attack

Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the world’s largest steel makers, said it had …

UK Banks Reluctant to Report Extent of Relentless Cyber Attacks

Britain’s banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say. Reported attacks on financial institutions in Britain have risen from just 5 …

SWIFT Expects Cyber Attacks on Banks to Increase

SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase. The theft of $81 million …

EU Members Should Run Stress Tests for Banks’ Cyber Risks: EU Banking Chief

Domestic authorities in European Union member states should stress-test their financial institutions for cyber risks, a top EU supervisor said, saying banks might be required to hold extra capital as a buffer against what is an emerging threat. Speaking to …

Hackers Target SE Asian Banks, Revealing Campaign Against SWIFT Network

Investigators are examining possible computer breaches at as many as 12 banks linked to SWIFT’s global payments network that have irregularities similar to those in the theft of $81 million from the Bangladesh central bank, according to a person familiar …

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 …

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 …

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 …