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Threat Intelligence

5/27/2016
07:30 AM
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More Banks May Have Been Hacked Via SWIFT

FireEye said to investigate breaches similar to that of Bangladesh Bank, of around 12 financial institutions, mostly out of in Southeast Asia.

As many as 12 banks may have been hacked through the SWIFT network in a manner similar to the Bangladesh Bank theft where $81 million was stolen using fake SWIFT messages. Quoting a source close to the probe, Bloomberg Technology said security firm FireEye has been hired to investigate the reported breaches.

There is no confirmation that the banks, most of which are in Southeast Asia, have lost money.

Meanwhile, Symantec has claimed that a Philippines bank was breached by the same attackers who hit the Bangladesh central bank. Similar tools were used in the 2014 attack on Sony Pictures, Symantec researchers say.

SWIFT warns of more bank breaches being reported. “This is a big deal, and it gets to the heart of banking,” said CEO Gottfried Leibbrandt. “Banks that are compromised like this can be put out of business.”

SWIFT is working with members on increasing security between them.

Read full report at Bloomberg Technology.  

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
 

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Row3n
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Row3n,
User Rank: Strategist
5/30/2016 | 7:21:00 AM
Hi
This could be potentially a really big problem! Especially if those monies can't be recovered. Let's hope that the banks and government agencies are pooling resources to make sure that the finance world isn't too greatly impacted by the losses and more importantly, that the problem can be fixed and patched against future attacks!
Row3n
50%
50%
Row3n,
User Rank: Strategist
5/30/2016 | 7:20:47 AM
Hi
This could be potentially a really big problem! Especially if those monies can't be recovered. Let's hope that the banks and government agencies are pooling resources to make sure that the finance world isn't too greatly impacted by the losses and more importantly, that the problem can be fixed and patched against future attacks!
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