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.

Operations

5/9/2016
06:30 PM
50%
50%

Reuters: Police Say SWIFT Techs Made Bangladesh Bank More Vulnerable Before Heist

SWIFT rejects 'baseless allegations' that software company's negligent security procedures had anything to do with $81 million wire transfer heist.

Three months before Bangladesh Bank was victim to an $81 million cyber heist, technicians from financial software platform company SWIFT opened the bank up to new vulnerabilities, Bangladeshi police told Reuters.  

Last month, researchers reported that highly customized malware exploited vulnerabilities in the bank's computing environment, then hid its fraudulent behavior by tricking the SWIFT software; but it did not exploit a SWIFT vulnerability, per se. Now, police and a bank official told Reuters that SWIFT's people, if not its platform, may be partly responsible for making the bank's computing environment more vulnerable.

According to police, SWIFT technicians did not follow adequate security procedures when they connected the platform to a new bank transaction system that enables domestic banks and the central bank to transfer large sums between themselves. Their negligence "caused much more risk for Bangladesh Bank," police said. In February, attackers used this system to send fraudulent messages, requesting nearly $1 billion in wire transfers. Most of them were blocked, but $81 million in transfers were successfully carried out. 

Police told Reuters the SWIFT messaging system was "widely accessible, including remote access with only a simple password," partly because technicians left open a wireless connection they had established just for the project, after the job was finished. They also criticized SWIFT for failing to connect the two systems on a private LAN, failing to disable a USB port, choosing to use an outdated networking switch, and failing to install a firewall between the systems.  

Investigators are trying to ascertain whether these actions were a case of negligence, or whether they intentionally made the bank more vulnerable. 

SWIFT rejected the police statements, telling Reuters in a subsequent story they were "baseless allegations" and that Bangladesh Bank, not SWIFT, "is responsible for the security of its own systems interfacing with the SWIFT network and their related environment."

Police did not provide evidence for their allegations and Reuters has not yet obtained third-party confirmation. 

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
Wesk
50%
50%
Wesk,
User Rank: Apprentice
6/21/2016 | 9:59:01 AM
Re: Yup.
Damage control and diversion of blame.
Joe Stanganelli
50%
50%
Joe Stanganelli,
User Rank: Ninja
5/10/2016 | 9:27:31 AM
Yup.
Hey, if they can't find the criminals, then finding someone to sue is the next best thing, right?
Navigating Security in the Cloud
Diya Jolly, Chief Product Officer, Okta,  12/4/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Navigating the Deluge of Security Data
In this Tech Digest, Dark Reading shares the experiences of some top security practitioners as they navigate volumes of security data. We examine some examples of how enterprises can cull this data to find the clues they need.
Flash Poll
Rethinking Enterprise Data Defense
Rethinking Enterprise Data Defense
Frustrated with recurring intrusions and breaches, cybersecurity professionals are questioning some of the industrys conventional wisdom. Heres a look at what theyre thinking about.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-16772
PUBLISHED: 2019-12-07
The serialize-to-js NPM package before version 3.0.1 is vulnerable to Cross-site Scripting (XSS). It does not properly mitigate against unsafe characters in serialized regular expressions. This vulnerability is not affected on Node.js environment since Node.js's implementation of RegExp.prototype.to...
CVE-2019-9464
PUBLISHED: 2019-12-06
In various functions of RecentLocationApps.java, DevicePolicyManagerService.java, and RecognitionService.java, there is an incorrect warning indicating an app accessed the user's location. This could dissolve the trust in the platform's permission system, with no additional execution privileges need...
CVE-2019-2220
PUBLISHED: 2019-12-06
In checkOperation of AppOpsService.java, there is a possible bypass of user interaction requirements due to mishandling application suspend. This could lead to local information disclosure no additional execution privileges needed. User interaction is not needed for exploitation.Product: AndroidVers...
CVE-2019-2221
PUBLISHED: 2019-12-06
In hasActivityInVisibleTask of WindowProcessController.java there?s a possible bypass of user interaction requirements due to incorrect handling of top activities in INITIALIZING state. This could lead to local escalation of privilege with no additional execution privileges needed. User interaction ...
CVE-2019-2222
PUBLISHED: 2019-12-06
n ihevcd_parse_slice_data of ihevcd_parse_slice.c, there is a possible out of bounds write due to a missing bounds check. This could lead to remote code execution with no additional execution privileges needed. User interaction is needed for exploitation.Product: AndroidVersions: Android-8.0 Android...