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Cyber Security

Hackers Steal $60 Million from Taiwanese Bank; Two Suspects Arrested

Far Eastern International Bank in Taiwan hacked into the SWIFT interbank banking system last week. Hackers planted malware on computers and servers of the bank’s servers and a SWIFT terminal. Most of the stolen money has now been recovered, with only $500,000 remaining. Authorities have made two arrests in connection with the bank cyber-heist. Last year, hackers targeted banks worldwide by gaining access to SWIFT that is being used to transfer billions of dollars every day. In May 2016, another case involving SWIFT emerged wherein cybercriminals managed to steal around $12 million from an Ecuadorian bank.

Source: https://thehackernews.com/2017/10/swift-bank-hacking.html

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