AP reports: Cybersecurity researchers say North Korea might be connected to a recent attack that resulted in the theft of over $100 million from the Bangladeshi central bank and the attempted thefts of millions more from other Asian banks. If the finding holds up, the attacks would amount to a new strategy for the rogue…
Category: Financial Sector
Swift Hack Probe Expands to Up to a Dozen Banks Beyond Bangladesh
Michael Riley and Alan Katz report: Investigators are examining possible computer breaches at as many as 12 banks linked to Swift’s global payments network that have irregularities similar to those in the theft of $81 million from the Bangladesh central bank, according to a person familiar with the probe. FireEye, the security firm hired by…
Now It’s Three: Ecuador Bank Hacked via Swift
If you’d worry more about the health of your industry and all the consumers your industry serves instead of worrying just about your reputation and fallout, we might not be dealing with as many breaches. Share information, people! Devlin Barrett and Katy Burne report: A little-noticed lawsuit details a hacking attack similar to one that…
UBS wins $1.1M from Wells Fargo in insider data theft case
William Sprouse reports the outcome of an arbitrated insider data breach case where a departing employee allegedly took client data with him to his new employer. I don’t think this case was ever covered on this site before, but Law360 had reported the lawsuit back in 2012. Sprouse reports: A FINRA arbitration panel ruled a…
Commercial Bank of Ceylon website hit by hack attack
Jason Murdock reports: The Sri Lanka-based Commercial Bank of Ceylon has released a statement admitting that a “hacking attack” on its website resulted in a successful intrusion – however, it maintained that no customer data has been compromised. The bank, which released a statement in the wake of major cyberattacks targeting the Bangladesh central bank…
NZ: Teen hacks up to $260,000
Police estimate a Gisborne teenager’s internet banking fraud could now have a tally as high as $260,000. Jake Kyle Hall, 19, yesterday pleaded guilty in Gisborne District Court to about 95 more fraud charges. He had already pleaded guilty last December to about 80 charges, with a total of his unlawful takings estimated at that time…