Collaborate Disseminate
This type of multinational ATM cashout could drain cash machines of millions within the span of hours. Continue reading FBI warns banks that crooks are planning choreographed ATM drainage
No matter how hard security companies work on improving detection and teaching employees about insider threats and risks, corporate environments are still falling to cover the most basic and common attack vector – phishing scams. You’d defi… Continue reading Virginia Bank falls victim to two phishing scams, loses $2 million
Sources said the funds were diverted to fraudulent accounts in a coordinated heist that involved hundreds of wire transfers and on-the-ground accomplices. Continue reading Mexico’s Banking System Sees $18M Siphoned Off in Phantom Transactions
Bangladesh is not the only bank that had become victim to the cyber heist. In fact, it appears to be just a part of the widespread cyber attack on global banking and financial sector by hackers who target the backbone of the world financial system, SWI… Continue reading Ecuador Bank Hacked — $12 Million Stolen in 3rd Attack on SWIFT System
SWIFT, the global Society for Worldwide Interbank Financial Telecommunications, warned on Thursday of a second malware attack similar to the Bangladesh central bank hack one that led to $81 million cyber heist.
In February, $81 Million cyberheist at the Bangladesh central bank was carried out by hacking into SWIFT, the global financial messaging system that thousands of banks and companies
Continue reading Second Bank hit by Malware attack similar to $81 Million Bangladesh Heist
In Brief
Investigators from the Forensic Training Institute of the Bangladesh investigated the $80 Million bank heist and discovered that the hackers managed to gain access to the network because the Bank was using second-hand $10 network switches without a Firewall to run its network.
When it was reported last month that an unknown hacking group attempted to steal $1 Billion from
Continue reading Bank with No Firewall. That’s How Hackers Managed to Steal $80 Million
Tanvir Hassan Zoha, a 34-year-old security researcher, who spoke to media on the $81 Million Bangladesh Bank cyber theft, has gone missing since Wednesday night, just days after accusing Bangladesh’s central bank officials of negligence.
Zoha was in… Continue reading Security Researcher Goes Missing, Who Investigated Bangladesh Bank Hack
The recent cyber attack on Bangladesh’s central bank that let hackers stole over $80 Million from the institutes’ Federal Reserve bank account was reportedly caused due to the Malware installed on the Bank’s computer systems.
Few days ago, reports e… Continue reading Here’s How Hackers Stole $80 Million from Bangladesh Bank
Nearly 3 dozen fraudulent transfer requests would have added up to $1 billion but for the typo: “fandation” instead of “foundation.”
Continue reading Hacker’s typo trips the alarm on billion-dollar cyber bank heist
Typos are really embarrassing, but this time it saved the Bangladesh Central Bank and the New York Federal Reserve by preventing a nearly $1 Billion (£700 Million) heist.
Last month, some unknown hackers broke into Bangladesh’s central bank, obtained credentials needed for payment transfers and then transfer large sums to fraudulent accounts based in the Philippines and Sri Lanka. But…
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Continue reading How a Typo Stopped Hackers from Stealing $1 Billion from Bank