Begin typing your search above and press return to search.

Second bank cyber-attack detected after Bangladesh raid

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  14 May 2016 12:00 AM GMT

London, May 13: The Society for Worldwide Interbank Fincial Telecommunication (SWIFT) has detected a cyber-attack that hit a bank, similar to one in which $81 million was stolen from Bangladesh’s central bank. SWIFT said the target was a commercial bank but did not me the organisation or reveal if any cash had been taken, BBC reported on Friday. The attackers had a “deep and sophisticated knowledge of specific operatiol controls” at the targeted bank, and could have been aided in their theft by “malicious insiders”, said the Belgium-based fincial messaging network that underpins global money transfers. The attack used techniques and tools resembling those used to steal cash from Bangladesh in February, it said. In both attacks, the thieves sought to submit fraudulent messages to the SWIFT network to transfer large amounts of cash to accounts they controlled. Alysis of February’s attack suggested the gang aimed to steal about $1 billion by moving cash from an account held by Bangladesh’s central bank at New York’s Federal Reserve to other accounts. (IANS)

Next Story