Russia arrests 50 hackers who stole $25 million from Banks

Russian authorities have arrested a gang of 50 hackers suspected of stealing more than 1.7 Billion Rubles (over US$25 Million) from banks and other financial institutions in the country since 2011.

The same criminal gang had tried to steal a further 2… Continue reading Russia arrests 50 hackers who stole $25 million from Banks

Second Bank hit by Malware attack similar to $81 Million Bangladesh Heist

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

How Did Hackers Who Stole $81 Million from Bangladesh Bank Go Undetected?

In Brief
Investigators from British defense contractor BAE Systems discovered that hackers who stole $81 million from the Bangladesh Central Bank actually hacked into software from SWIFT financial platform, a key part of the global financial system.

T… Continue reading How Did Hackers Who Stole $81 Million from Bangladesh Bank Go Undetected?