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SWIFT Hack: Bangladesh Bank Recovers $15 Million from a Philippines Casino

SWIFT Hack: Bangladesh Bank Recovers $15 Million from a Philippines Casino

Nov 10, 2016
Part of the $81 Million stolen from Bangladesh bank's New York Federal Reserve account earlier this year in the wake of the major malware attack on the SWIFT interbank transfer network has been tracked down to a casino in the Philippines. SWIFT, or Society for Worldwide Interbank Telecommunication, is a global financial messaging system that thousands of banks and organizations around the world use to transfer billions of dollars every day. In February, hackers dropped a piece of malware on a SWIFT terminal employed by Bangladesh's central bank, obtained credentials needed for payment transfers from the New York Federal Reserve Bank, and then transferred large amount to fraudulent accounts based in the Philippines and Sri Lanka. In March, the investigation revealed that the stolen money was then sold to a black market foreign exchange broker and later transferred to at least 3 local casinos in the Philippines. In September, Philippine court ordered the return of $1
Casino Sues Cyber Security Company Over Failure to Stop Hackers

Casino Sues Cyber Security Company Over Failure to Stop Hackers

Jan 16, 2016
IT security firm Trustwave has been sued by a Las Vegas-based casino operator for conducting an allegedly "woefully inadequate" investigation following a network breach of the casino operator's system. Affinity Gaming , an operator of 5 casinos in Nevada and 6 elsewhere in the United States, has questioned Trustwave's investigation for failing to shut down breach that directly resulted in the theft of credit card data, allowing credit card thieves to maintain their foothold during the investigation period. The lawsuit, filed in the US District Court in Nevada, is one of the first cases of its kind where a client challenges a cyber security firm over the quality of its investigation following a hacking attack. Casino Sued an IT Security Firm Affinity Gaming said it hired Trustwave in late 2013 to analyze and clean up computer network intrusions that allowed attackers to obtain its customers' credit card data. It was reported that the details
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Las Vegas Sands' Casino Network hit by Destructive Malware

Las Vegas Sands' Casino Network hit by Destructive Malware

Dec 12, 2014
Sony Pictures Entertainment hack that started at the end of the last month and so far has caused a severe damage to its reputation as well as resources, from internal system shutdown to upcoming movies and scripts leak. Now, a similar cyber attack against Casino operator Las Vegas Sands Corp has been revealed that occurred on February 2014. The cyber attack occurred on this year's February but the details of damages to the casino was not publicized until Bloomberg Businessweek exposed it in a story on Thursday. Hackers crippled thousands of servers and computers across the network of the giant Las Vegas Sands Corp. by wiping them with highly destructive malware. The hack attack was believed to be in response to the statement given by the chief executive officer and largest shareholder of Las Vegas Sands Corp., Sheldon Adelson . On October 2013, the billionaire made a statement at the Manhattan campus of Yeshiva University that Iran should be bombed to get the country to
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