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Cyber Security

SWIFT Hackers Steal $10 Million From Ukrainian Bank

Hackers have stolen $10 million from an unnamed bank in Ukraine by exploiting the SWIFT international banking system. Swift hackers have already made a number of victims, including Bangladesh central bank, the Banco del Austro (BDA) bank in Ecuador and an unnamed commercial bank. The hackers have exploited flaws in banks funds’ transfer initiation environments, before messages were sent over the global banking messaging system. The bank in question had not yet been named, as investigators are restricted by strict non-disclosure agreements until the bank agrees to go public with information.

Source: https://thehackernews.com/2016/06/ukrainian-bank-swift-hack.html

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