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Malaysia’s Central Bank Blocks Attempted SWIFT Fraud

Malaysia’s central bank says it detected and successfully blocked a Tuesday attack that attempted to steal funds via fraudulent SWIFT interbank money-moving messages. Malaysian central bank, which supervises 45 commercial banks in the country, says that risk controls and other defenses successfully blocked the attack. SWIFT is a global, member-owned cooperative that provides secure financial messaging services used by more than 11,000 financial institutions in more than 200 countries and territories around the world. The Bangladesh Bank heist has been widely attributed to the government of North Korea (see report: DOJ Sees Bangladesh Heist Tie to North Korea)”]

Source: https://www.cuinfosecurity.com/malaysias-central-bank-blocks-attempted-swift-fraud-a-10758

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