Attacks/Breaches

2/20/2018
02:30 PM
50%
50%

SWIFT Network Used in $2 Million Heist at Indian Bank

The theft at India's City Union Bank comes on the heels of news that attackers stole $6 million from a Russian bank via SWIFT network last year.

In an attack reminiscent of the one on Bangladesh Bank in 2016, attackers this weekend made $2 million in unauthorized transfers from India's City Union Bank via the SWIFT financial network, Reuters reports. One of the transfers, for $500,000, was stopped.

The attack comes on the heels of a Friday report that an unnamed Russian bank had suffered a $6 million theft via the SWIFT network last year, and reports last week that insiders at India's Punjab National Bank had conspired in a $1.8 billion fraud case. 

The unauthorized transfers from City Union Bank - which were being made to lenders in Dubai, Turkey, and China through City Union Bank's correspondent financial institutions - were discovered by a private lender Saturday. 

City Union's CEO N. Kamakodi told Reuters there is "so far no evidence of any internal staff involvement," but said "we are very clear now the account holders are part of this conspiracy."

The Committe on Payments and Market Infrastructure, in September, called for greater security of inter-bank messaging services like SWIFT.  

For more information, click here.

 

 

Black Hat Asia returns to Singapore with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier solutions and service providers in the Business Hall. Click for information on the conference and to register.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Election Websites, Back-End Systems Most at Risk of Cyberattack in Midterms
Kelly Jackson Higgins, Executive Editor at Dark Reading,  8/14/2018
Intel Reveals New Spectre-Like Vulnerability
Curtis Franklin Jr., Senior Editor at Dark Reading,  8/15/2018
Australian Teen Hacked Apple Network
Dark Reading Staff 8/17/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-15504
PUBLISHED: 2018-08-18
An issue was discovered in Embedthis GoAhead before 4.0.1 and Appweb before 7.0.2. The server mishandles some HTTP request fields associated with time, which results in a NULL pointer dereference, as demonstrated by If-Modified-Since or If-Unmodified-Since with a month greater than 11.
CVE-2018-15505
PUBLISHED: 2018-08-18
An issue was discovered in Embedthis GoAhead before 4.0.1 and Appweb before 7.0.2. An HTTP POST request with a specially crafted "Host" header field may cause a NULL pointer dereference and thus cause a denial of service, as demonstrated by the lack of a trailing ']' character in an IPv6 a...
CVE-2018-15492
PUBLISHED: 2018-08-18
A vulnerability in the lservnt.exe component of Sentinel License Manager version 8.5.3.35 (fixed in 8.5.3.2403) causes UDP amplification.
CVE-2018-15494
PUBLISHED: 2018-08-18
In Dojo Toolkit before 1.14, there is unescaped string injection in dojox/Grid/DataGrid.
CVE-2018-15495
PUBLISHED: 2018-08-18
/filemanager/upload.php in Responsive FileManager before 9.13.3 allows Directory Traversal and SSRF because the url parameter is used directly in a curl_exec call, as demonstrated by a file:///etc/passwd value.