Loading ...I wonder if they tell us everytime this happens? how about if it became a regular occurence? who ate the loss? did they really even have a loss, or did they just replace the stolen digits with keyboard presses?
it’s a bit different if someone steals $100m of Au
[snip from Sincalir’s site]…If your road to safety sits on the internet you better read the following.
MSM made a big thing out of the theft of almost $100 million but kept the fact that it was from the Swift money transfer system quiet….…. You think Swift did not protect themselves to the limits of tech know-how? They still received a great royal screwing.
Swift: fraudulent messages sent over international bank transfer system
World money exchange tells 11,000 financial institutions to update their software after US$81m was stolen from account of Bangladesh central bank
Tuesday 26 April 2016 02.15 BST
Swift, the global financial network that banks use to transfer billions of dollars every day, has warned its customers it is aware of “a number of recent cyber incidents” where attackers had sent fraudulent messages over its system.
The disclosure came as law enforcement authorities in Bangladesh and elsewhere investigated the cyber theft of US$81m (£55.9m) from the Bangladesh central bank account at the New York Federal Reserve. Swift has acknowledged the scheme involved altering Swift software on Bangladesh Bank’s computers to hide evidence of fraudulent transfers.
Monday’s statement from Swift marked the first acknowledgement that the Bangladesh Bank attack was not an isolated incident but one of several recent criminal schemes that aimed to take advantage of the global messaging platform used by some 11,000 financial institutions.
“Swift is aware of a number of recent cyber incidents in which malicious insiders or external attackers have managed to submit Swift messages from financial institutions’ back offices, PCs or workstations connected to their local interface to the Swift network,” the group warned customers.
The warning, which Swift issued in a confidential alert sent over its network, did not name any victims or disclose the value of any losses from the previously undisclosed attacks. Swift confirmed to Reuters the authenticity of the notice.