Hacked: Hacking Finance

Hacked: Hacking Finance


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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

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...