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
Threaded  |  Newest First  |  Oldest First
Higher Education: 15 Books to Help Cybersecurity Pros Be Better
Curtis Franklin Jr., Senior Editor at Dark Reading,  12/12/2018
Worst Password Blunders of 2018 Hit Organizations East and West
Curtis Franklin Jr., Senior Editor at Dark Reading,  12/12/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
10 Best Practices That Could Reshape Your IT Security Department
This Dark Reading Tech Digest, explores ten best practices that could reshape IT security departments.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-20161
PUBLISHED: 2018-12-15
A design flaw in the BlinkForHome (aka Blink For Home) Sync Module 2.10.4 and earlier allows attackers to disable cameras via Wi-Fi, because incident clips (triggered by the motion sensor) are not saved if the attacker's traffic (such as Dot11Deauth) successfully disconnects the Sync Module from the...
CVE-2018-20159
PUBLISHED: 2018-12-15
i-doit open 1.11.2 allows Remote Code Execution because ZIP archives are mishandled. It has an upload feature that allows an authenticated user with the administrator role to upload arbitrary files to the main website directory. Exploitation involves uploading a ".php" file within a "...
CVE-2018-20157
PUBLISHED: 2018-12-15
The data import functionality in OpenRefine through 3.1 allows an XML External Entity (XXE) attack through a crafted (zip) file, allowing attackers to read arbitrary files.
CVE-2018-20154
PUBLISHED: 2018-12-14
The WP Maintenance Mode plugin before 2.0.7 for WordPress allows remote authenticated users to discover all subscriber e-mail addresses.
CVE-2018-20155
PUBLISHED: 2018-12-14
The WP Maintenance Mode plugin before 2.0.7 for WordPress allows remote authenticated subscriber users to bypass intended access restrictions on changes to plugin settings.