Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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
Oldest First  |  Newest First  |  Threaded View
Florida Town Pays $600K to Ransomware Operators
Curtis Franklin Jr., Senior Editor at Dark Reading,  6/20/2019
Pledges to Not Pay Ransomware Hit Reality
Robert Lemos, Contributing Writer,  6/21/2019
AWS CISO Talks Risk Reduction, Development, Recruitment
Kelly Sheridan, Staff Editor, Dark Reading,  6/25/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Building and Managing an IT Security Operations Program
As cyber threats grow, many organizations are building security operations centers (SOCs) to improve their defenses. In this Tech Digest you will learn tips on how to get the most out of a SOC in your organization - and what to do if you can't afford to build one.
Flash Poll
The State of IT Operations and Cybersecurity Operations
The State of IT Operations and Cybersecurity Operations
Your enterprise's cyber risk may depend upon the relationship between the IT team and the security team. Heres some insight on what's working and what isn't in the data center.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-12888
PUBLISHED: 2019-06-26
** REJECT ** DO NOT USE THIS CANDIDATE NUMBER. ConsultIDs: CVE-2019-12887. Reason: This candidate is a reservation duplicate of CVE-2019-12887. Notes: All CVE users should reference CVE-2019-12887 instead of this candidate. All references and descriptions in this candidate have been removed to preve...
CVE-2019-12280
PUBLISHED: 2019-06-25
PC-Doctor Toolbox before 7.3 has an Uncontrolled Search Path Element.
CVE-2019-3961
PUBLISHED: 2019-06-25
Nessus versions 8.4.0 and earlier were found to contain a reflected XSS vulnerability due to improper validation of user-supplied input. An unauthenticated, remote attacker could potentially exploit this vulnerability via a specially crafted request to execute arbitrary script code in a users browse...
CVE-2019-9836
PUBLISHED: 2019-06-25
Secure Encrypted Virtualization (SEV) on Advanced Micro Devices (AMD) Platform Security Processor (PSP; aka AMD Secure Processor or AMD-SP) 0.17 build 11 and earlier has an insecure cryptographic implementation.
CVE-2019-6328
PUBLISHED: 2019-06-25
HP Support Assistant 8.7.50 and earlier allows a user to gain system privilege and allows unauthorized modification of directories or files. Note: A different vulnerability than CVE-2019-6329.