SWIFT Confirms Another Malware Attack
SWIFT has confirmed that hackers have once again used its system to attack a commercial bank.
Belgium-based SWIFT, which allows corporations to complete financial transactions using messages, said the cybercriminals were able to access the bank’s system using valid codes. However, no funds were stolen.
“Forensic experts believe this new discovery evidences that the malware used in the earlier reported customer incident was not a single occurrence but part of a wider and highly adaptive campaign targeting banks,” SWIFT said in a statement.
Recently, Bangladesh central bank’s account at the Federal Reserve Bank of New York was successfully attacked, and SWIFT recently told customers that there have been a “small number of recent cases of fraud at customer firms,” according to PYMNTs.com.
The most recent attack, which actually predates the Bangladesh breach, was uncovered by third-party experts. Both attacks have two things in common: Messages were sent via the SWIFT platform, and the hackers were able to cover their tracks using malware.
The Wall Street Journal also reported that the FBI believes insiders may have assisted with the Bangladesh attack, and SWIFT warned banks of “malicious insiders.”
This entry was posted in Credit Card News and tagged identity theft , identity fraud , malware , cyber security , cyber criminals , financial transactions , cybercrime , malware attack , SWIFT , Bangladesh , Bangladesh bank
The information contained within this article was accurate as of May 17, 2016. For up-to-date
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