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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

AI Copilot: Launching Innovation Rockets, But Beware of the Darkness Ahead

AI Copilot: Launching Innovation Rockets, But Beware of the Darkness Ahead
Apr 15, 2024Secure Coding / Artificial Intelligence
Imagine a world where the software that powers your favorite apps, secures your online transactions, and keeps your digital life could be outsmarted and taken over by a cleverly disguised piece of code. This isn't a plot from the latest cyber-thriller; it's actually been a reality for years now. How this will change – in a positive or negative direction – as artificial intelligence (AI) takes on a larger role in software development is one of the big uncertainties related to this brave new world. In an era where AI promises to revolutionize how we live and work, the conversation about its security implications cannot be sidelined. As we increasingly rely on AI for tasks ranging from mundane to mission-critical, the question is no longer just, "Can AI  boost cybersecurity ?" (sure!), but also "Can AI  be hacked? " (yes!), "Can one use AI  to hack? " (of course!), and "Will AI  produce secure software ?" (well…). This thought leadership article is about the latter. Cydrill  (a

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

Today's Top 4 Identity Threat Exposures: Where To Find Them and How To Stop Them

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websiteSilverfort Identity Protection / Attack Surface
Explore the first ever threat report 100% focused on the prevalence of identity security gaps you may not be aware of.
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