Exclusive: SWIFT confirms new cyber thefts, hacking tactics
Source: Reuters
Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a previously undisclosed letter the organization sent to banks worldwide.
The messaging network in a Nov. 2 letter seen by Reuters warned banks of the escalating threat to their systems, according to the SWIFT letter. The attacks and new hacking tactics underscore the continuing vulnerability of the SWIFT messaging network, which handles trillions of dollars in fund transfers daily.
"The threat is very persistent, adaptive and sophisticated – and it is here to stay," SWIFT said in the November letter to client banks, seen by Reuters.
The disclosures provide fresh evidence that SWIFT remains at risk of attacks nearly a year after funds were stolen from a Bangladesh Bank account at the Federal Reserve Bank of New York. The unprecedented cyber theft prompted regulators around the globe to tighten bank security requirements, amidst a global investigation by the FBI, Bangladesh authorities and Interpol.
Read more: http://www.reuters.com/article/us-usa-cyber-swift-exclusive-idUSKBN1412NT
One day you check your bank account and its empty, its not If, its When? how many banks or just banks maybe credit Unions. No Social Security check delivered, its just gone. How many times have you given out a credit card number over the phone, a store, a restaurant, its inevitable and how long until your money is replaced? will they will start selling Hack Insurance?
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Best American album in two decades, uncovering cyber thefts.... God, I love her!
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