Saturday, May 14, 2016

Second Bank Hit By Major Cyber Heist

Swift, the financial payments system that has about 11,000 banks as customers, has warned of a second financial cyber attack, mirroring one of the biggest ever robberies earlier this year at the Bangladesh central bank.

Without naming the bank, Swift said the “attackers clearly exhibit a deep and sophisticated knowledge of specific operational controls within the targeted banks — knowledge that may have been gained from malicious insiders or cyber attacks, or a combination of both”.

Experts said on Friday that a Vietnamese bank was the financial concern involved and that it had recently been robbed by cyber criminals using similar methods to this year’s record digital theft of $101 million at the Bangladesh central bank, and a 2014 data breach at Sony.

Swift urged clients to “urgently review controls in their payments environments, to all their messaging, payments and e-banking channels”.

It added: “The security and integrity of our messaging services are not in question as a result of the incidents.”

Adrian Nish, head of BAE System’s cyber threat intelligence team said: “This attacker is very adaptive, they will fit their code to adapt to the individual circumstances of each case.”

He urged banks to follow the lead of military and state organisations that have tightened security on confidential IT networks by isolating them from “high-risk” networks more freely connected to the wider internet.

(via FT)


1 comment:

  1. "Adrian Nish, head of BAE System’s cyber threat intelligence team said: “This attacker is very adaptive, they will fit their code to adapt to the individual circumstances of each case.”"

    Can't be too many people with the knowledge and opportunity to pull something like this off. Shouldn't be taking this long to figure out who and how to stop this from happening.

    ReplyDelete