cyber heist RSS

Bangladesh Bank, cyber heist, Cyber Security, Daily news, Fraud & Security, New York federal court, SWIFT -

Back in 2016, The Bangladesh Bank suffered a massive cyber heist. Now, the bank has filed a lawsuit in New York federal court to recover the lost $81 million. The... more

The post Bangladesh Bank files lawsuit in partnership with New York Federal Reserve and SWIFT appeared first on Payments Cards & Mobile.

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Bangladesh, cyber heist, Cyber Security, Daily News, global banking system, Issuing & Acquiring, Processing & Systems, Remittance, Risk & Compliance, SWIFT -

SWIFT on Monday heavily rejected allegations by officials in Bangladesh that technicians with the global banking system made the nation’s central bank more vulnerable to hacking before an $81 million cyber heist in February. The comments were in response to a Reuters story that cited Bangladeshi police and a central bank official as saying that SWIFT [...]

The post SWIFT rejects Bangladeshi claims over cyber heist appeared first on Payments Cards & Mobile.

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cyber heist, cyber heists, Cyber Security, Daily News, E-Money, Fraud & Security, Issuing & Acquiring, Processing & Systems, Remittance, Risk & Compliance, SWIFT malware, SWIFT malware threat, SWIFT payment system -

In February 2016 one of the largest cyber heists was committed and subsequently disclosed. An unknown attacker gained access to the Bangladesh Bank (BB) using SWIFT malware. The BB SWIFT payment system reportedly instructed an American bank to transfer money from BB’s account to accounts in The Philippines. The attackers attempted to steal $951m, of [...]

The post Analysis of the SWIFT malware threat appeared first on Payments Cards & Mobile.

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