Hacked: Hacking Finance

Hacked: Hacking Finance


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Breaches

Report: NY Fed Rejected Hackers’ Request Prior to $81 Million Cyberheist

Posted on June 6th, 2016.

 The Federal Reserve Bank of New York had initially blocked hackers’ transfer requests that purported to be from the Bangladesh Central Bank, hours before approving $81 million in one of the largest ever singular cyberheists. It was a fateful February day which saw the New York Federal Reserve approve four fraudulent requests to wire a...

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Cybersecurity

Symantec: SWIFT Malware Evident in Other Bank Attacks

Posted on May 26th, 2016.

Security firm Symantec has claimed that the malware used in the $81 million cyberheist from Bangladesh Central Bank’s Federal Reserve account has been linked to another cyberattack – a Philippines-based bank. In a blog post today, Symantec said it found evidence that a bank in the Philippines was also the target of the group that...

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Breaches

SWIFT Breached Again; Second Bank Sees Cyber Heist

Posted on May 13th, 2016.

SWIFT, the financial inter-banking system used by thousands of banks around the world has revealed that cyber-thieves have yet again stolen from a bank that is a part of the SWIFT network. An undisclosed bank is the second known target of cybercriminals who are likely to have also been involved in the infamous Bangladesh bank heist which...

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Cybersecurity

SWIFT Refuses to Take Blame for $81 Million Cyber Heist

Posted on May 10th, 2016.

 Inter-banking system SWIFT has released a statement that firmly denies any responsibility in the $81 million cyber heist that saw the Bangladesh Central Bank lose its funds from its NY Federal Reserve account. The statement is in response to allegations from the Bangladesh Police Department that SWIFT is partly to blame for the cyber...

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Cybersecurity

Bangladesh Bank Hackers Exploited SWIFT Client Software with Malware

Posted on April 25th, 2016.

The yet-unknown hackers who made away with $81 million from the Bangladesh Central bank’s New York Federal Reserve account have, according to a new Reuters report, used malware to hack into the SWIFT financial platform’s client software used by banks and financial institutions around the world. The Society for Worldwide Interbank...

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Cybersecurity

Bangladesh Bank, NY Fed Reserve Nearly See a Billion-Dolllar Cyber Heist

Posted on March 14th, 2016.

Bangladesh’s central bank has admitted that its account at the U.S. Federal Reserve in New York has been targeted in a hack which saw $100 million stolen in a cyber heist. It could have been a lot worse however, with transactions totaling another $870 million were blocked in a potential billion dollar cyber heist. It is among the largest...