Money transaction | Breaking Cybersecurity News | The Hacker News

In Brief Investigators from British defense contractor BAE Systems discovered that hackers who stole $81 million from the Bangladesh Central Bank actually hacked into software from SWIFT financial platform, a key part of the global financial system. The hackers used a custom-made malware to hide evidence and go undetected by erasing records of illicit transfers with the help of compromised SWIFT system. The Bangladesh Bank hackers, who managed to steal $81 Million from the bank last month in one of the largest bank heists in history, actually made their tracks clear after hacking into SWIFT, the heart of the global financial system. SWIFT , stands for the Society for Worldwide Interbank Financial Telecommunications, is a global messaging network used for most international money and security transfers. More than 11,000 Global Banks on HIGH ALERT! Nearly 11,000 Banks and other financial institutions around the World use SWIFT system to send securely and receive payment

" The truth is coming, and it cannot be stopped ", Edward Snowden.  The National Security Agency isn't just snooping into phone and online communications. It also appears to be keeping a close eye on credit card transactions. New reports published by Der Spiegel exposed that The National Security Agency (NSA) is widely monitoring SWIFT bank transactions, International Credit Card Payments and banking, attained by watching printer traffic from numerous banks. According to the information acquired by former NSA contractor Edward Snowden , Show that in 2011, the NSA possessed 180 million records and spying is conducted by a branch called " Follow the Money. That data then moved to their own   ' Tracfin ' financial databank to track money flows. NSA targets the transactions of various banks via large credit card companies like VISA by doing surveillance in Europe, Middle East and Africa. Some 84 percent of the data are from credit card transactions

As a vCISO, you are responsible for your client's cybersecurity strategy and risk governance. This incorporates multiple disciplines, from research to execution to reporting. Recently, we published a comprehensive playbook for vCISOs, "Your First 100 Days as a vCISO – 5 Steps to Success" , which covers all the phases entailed in launching a successful vCISO engagement, along with recommended actions to take, and step-by-step examples.  Following the success of the playbook and the requests that have come in from the MSP/MSSP community, we decided to drill down into specific parts of vCISO reporting and provide more color and examples. In this article, we focus on how to create compelling narratives within a report, which has a significant impact on the overall MSP/MSSP value proposition.  This article brings the highlights of a recent guided workshop we held, covering what makes a successful report and how it can be used to enhance engagement with your cyber security clients.