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The first public reports of these attacks came from thefts from Bangladesh central bank and a bank in Vietnam.. A $101 million theft from the Bangladesh central bank via its account at the New York Federal Reserve Bank was traced to cyber criminals exploiting software vulnerabilities in SWIFT's Alliance Access software, according to a New York Times report.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) network is used to communicate with the bank holding the foreign exchange account in order to withdraw, transfer, or deposit the currency. The 2016 cyber-attack on the Bangladesh Bank was not the first attack of its kind.
The 2014 JPMorgan Chase data breach was a cyberattack against American bank JPMorgan Chase that is believed to have compromised data associated with over 83 million accounts—76 million households (approximately two out of three households in the country) and 7 million small businesses. [1]
Cybercrime group Lockbit 3.0 posted data hacked from Evolve on Tuesday, according to a Bloomberg News report, which also said the hackers had given the Fed until Tuesday afternoon to meet its ...
(Reuters) -The Industrial and Commercial Bank of China's (ICBC) U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury market on Thursday, the latest in a string of ...
A cyberattack is any type of offensive maneuver employed by individuals or whole organizations that targets computer information systems, infrastructures, computer networks, and/or personal computer devices by various means of malicious acts usually originating from an anonymous source that either steals, alters, or destroys a specified target by hacking into a susceptible system.
Italy's cyber security agency on Tuesday said it had detected hacker attacks against websites of at least five banks, which temporarily made it impossible to access some of their services. A ...
From late November to early December 2021, [1] numerous accountholders of BDO Unibank (Banco de Oro; BDO) lost their money through unauthorized bank transfers.The funds were noted to have been transferred to multiple Unionbank accounts under the name of a certain "Mark Nagoyo".