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.

Cloud

3/21/2016
09:40 AM
50%
50%

SWIFT To Issue Warning In Wake Of Cyberattack On Bagladesh Central Bank

SWIFT advises banks to follow recommended security practices for their internal networks after Bangladesh Central Bank heist.

After a recent cyber-theft of over $80 million from Bangladesh Bank, SWIFT today plans to advise banks to implement security measures to avoid similar attacks.

Brussels-based SWIFT (Society for Worldwide Interbank Financial Telecommunication), which provides secure messaging services and software to financial institutions worldwide, will issue a security advisory today asking banks monitor their internal security. "Our priority at this time is to encourage customers to review and, where necessary, to reinforce their local operating environments," said a spokeswoman for the group told Reuters.

Security consultant Shane Shook said in the report that while SWIFT can recommend financial institutions to follow some security standards, there are no specific measures to be uniformly adopted by all of them to secure their networks against financial breaches.

As evident from an interim report on the Bangladesh attack submitted by forensics experts from FireEye and World Informatix, hackers breached the bank's network, accessed credentials for sending SWIFT messages, and processed transactions via malware installed on the bank's computers. According to Reuters, SWIFT confirmed that the attack was due to internal operational issues at Bangladesh Bank, and not due to SWIFT's core messaging system.

Investigators identified that these hackers have also targeted attacks on other financial institutions -- though they have not yet identified those banks.

Read more on the report from Reuters article.

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
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
3/22/2016 | 12:24:57 PM
Offenders
This seems to have been a well executed attack. Have any of the offenders been apprehended? Or do we only have usernames at this point?
Zero-Factor Authentication: Owning Our Data
Nick Selby, Chief Security Officer at Paxos Trust Company,  2/19/2020
44% of Security Threats Start in the Cloud
Kelly Sheridan, Staff Editor, Dark Reading,  2/19/2020
Ransomware Damage Hit $11.5B in 2019
Dark Reading Staff 2/20/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
How Enterprises Are Developing and Maintaining Secure Applications
How Enterprises Are Developing and Maintaining Secure Applications
The concept of application security is well known, but application security testing and remediation processes remain unbalanced. Most organizations are confident in their approach to AppSec, although others seem to have no approach at all. Read this report to find out more.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-7914
PUBLISHED: 2020-02-21
btif/src/btif_dm.c in Android before 5.1 does not properly enforce the temporary nature of a Bluetooth pairing, which allows user-assisted remote attackers to bypass intended access restrictions via crafted Bluetooth packets after the tapping of a crafted NFC tag.
CVE-2016-4606
PUBLISHED: 2020-02-21
Curl before 7.49.1 in Apple OS X before macOS Sierra prior to 10.12 allows remote or local attackers to execute arbitrary code, gain sensitive information, cause denial-of-service conditions, bypass security restrictions, and perform unauthorized actions. This may aid in other attacks.
CVE-2020-5243
PUBLISHED: 2020-02-21
uap-core before 0.7.3 is vulnerable to a denial of service attack when processing crafted User-Agent strings. Some regexes are vulnerable to regular expression denial of service (REDoS) due to overlapping capture groups. This allows remote attackers to overload a server by setting the User-Agent hea...
CVE-2019-14688
PUBLISHED: 2020-02-20
Trend Micro has repackaged installers for several Trend Micro products that were found to utilize a version of an install package that had a DLL hijack vulnerability that could be exploited during a new product installation. The vulnerability was found to ONLY be exploitable during an initial produc...
CVE-2019-19694
PUBLISHED: 2020-02-20
The Trend Micro Security 2019 (15.0.0.1163 and below) consumer family of products is vulnerable to a denial of service (DoS) attack in which a malicious actor could manipulate a key file at a certain time during the system startup process to disable the product's malware protection functions or the ...