Cyber Heist

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Cyber Heist - Total results - 17
SWIFT urges banks to upgrade their security as threats from digital heists are on the rise
News & Analysis

SWIFT urges banks to upgrade their security as threats from digital heists are on the rise

SWIFT has declined to disclose the number of attacks, identify victims or say how much money has been stolen. Still, details on some cases have become public.

Nepal bank recovers 'most' of the stolen money after its SWIFT servers were hacked last month
News & Analysis

Nepal bank recovers 'most' of the stolen money after its SWIFT servers were hacked last month

Chief of Nepal police’s CIB Pushkar Karki said his agency was investigating into how the passcode of the bank’s computer system had been stolen.

Kaspersky releases more evidence that North Korea was linked to Bangladesh SWIFT hack
News & Analysis

Kaspersky releases more evidence that North Korea was linked to Bangladesh SWIFT hack

Cyber security firm Kaspersky Lab on Monday said it had obtained digital evidence that bolsters suspicions by some researchers that North Korea was involved in last year's $81 million cyber heist.

Philippines bank RCBC says that it did nothing wrong, Bangladesh Bank responsible for the cyber heist
News & Analysis

Philippines bank RCBC says that it did nothing wrong, Bangladesh Bank responsible for the cyber heist

The Philippines bank through which $81 million stolen from Bangladesh's central bank was channelled in February said on Tuesday that the central bank was responsible for the heist, and so any liability should not be passed on.

SWIFT has confirmed that hackers are using new ways to steal money
News & Analysis

SWIFT has confirmed that hackers are using new ways to steal money

Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics.

Investigators suspect Bangladesh bank officials to be involved in SWIFT cyber heist
News & Analysis

Investigators suspect Bangladesh bank officials to be involved in SWIFT cyber heist

Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February.

Authorities arrest suspects in relation to cyber heist carried out in Russian Central bank
News & Analysis

Authorities arrest suspects in relation to cyber heist carried out in Russian Central bank

Russian authorities arrested a large number of suspects in May in connection with the recently revealed electronic theft of $19 million from accounts held at the Russian central bank, an official said on Wednesday.

Philippines has asked Bangladesh to share the cyber heist investigation results
News & Analysis

Philippines has asked Bangladesh to share the cyber heist investigation results

The Philippine government wants Bangladesh to share the findings of its investigation into how unknown hackers pulled off one of the world's largest cyber bank heists, to help speed up recovery of the stolen funds.

Bank of England pushes the cyber security testing framework for banks with CBEST
News & Analysis

Bank of England pushes the cyber security testing framework for banks with CBEST

The recent theft of money from accounts at retailer Tesco's online banking arm caused the British authorities to enact contingency plans to allow lenders to share information after the attack, the Bank of England said on Wednesday.

Philippine bank RCBC and Bangladesh trade blames over responsibility for missing millions of dollars
News & Analysis

Philippine bank RCBC and Bangladesh trade blames over responsibility for missing millions of dollars

Philippine lender RCBC and a Bangladeshi minister traded blame on Tuesday over liability for tens of millions of dollars that were looted from a New York bank and then went missing in Manila after one of the biggest bank frauds ever.

Hackers steal $3 million from Tesco bank; full service resumes after suspension
News & Analysis

Hackers steal $3 million from Tesco bank; full service resumes after suspension

Retailer Tesco Plc's banking arm said on Tuesday that 2.5 million pounds ($3 million) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank.

Tesco Bank stops online transactions after money stolen from 20,000 bank accounts
News & Analysis

Tesco Bank stops online transactions after money stolen from 20,000 bank accounts

Tesco Bank, owned by Britain's biggest retailer Tesco, halted online transactions from all current accounts on Monday after money was stolen from 20,000 of them in the country's first such cyber heist.

Bangladesh cyber heist pushes Global Central banks to set global standards for cyber security
News & Analysis

Bangladesh cyber heist pushes Global Central banks to set global standards for cyber security

The world's major central banks, stung by this year's $81-million heist in Bangladesh, have launched a task force to consider setting broad rules to protect the vast network of cross-border banking from cyber attacks, according to two sources with knowledge of the matter.

Bangladesh Central Bank ends FireEye’s investigation contract into cyber heist
News & Analysis

Bangladesh Central Bank ends FireEye’s investigation contract into cyber heist

Bangladesh's central bank has ended a contract with U.S.A's FireEye to investigate online theft of $81 million, refusing a proposal to extend the agreement

In Ecuador cyber heist, thieves moved $9 million to 23 Hong Kong firms
News & Analysis

In Ecuador cyber heist, thieves moved $9 million to 23 Hong Kong firms

Cyber thieves who stole $12 million from an Ecuador based bank in 2015 routed the funds through 23 companies registered in Hong Kong, some of them with no clear business activity, according to previously unreported court filings and judicial rulings.

Indian Cos At Centre Of Global Cyber Heist
Biztech

Indian Cos At Centre Of Global Cyber Heist

EnStage, which operates from Bangalore, and ElectraCard Services, which is based in Pune, processed card payments for the two Middle Eastern banks that were hit in the theft.

Indian card processor in $45 mn heist is ElectraCard
News & Analysis

Indian card processor in $45 mn heist is ElectraCard

One of the credit card processing companies whose security was breached in a $45 million global cyber heist ...