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How Did Hackers Who Stole $81 Million from Bangladesh Bank Go Undetected?

How Did Hackers Who Stole $81 Million from Bangladesh Bank Go Undetected?

Apr 25, 2016
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
NSA Intelligence Agency spies on International Credit Card Transactions including Visa

NSA Intelligence Agency spies on International Credit Card Transactions including Visa

Sep 15, 2013
" 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
Midnight Blizzard and Cloudflare-Atlassian Cybersecurity Incidents: What to Know

Midnight Blizzard and Cloudflare-Atlassian Cybersecurity Incidents: What to Know

Feb 13, 2024SaaS Security / Data Breach
The Midnight Blizzard and Cloudflare-Atlassian cybersecurity incidents raised alarms about the vulnerabilities inherent in major SaaS platforms. These incidents illustrate the stakes involved in SaaS breaches — safeguarding the integrity of SaaS apps and their sensitive data is critical but is not easy. Common threat vectors such as sophisticated spear-phishing, misconfigurations and vulnerabilities in third-party app integrations demonstrate the complex security challenges facing IT systems. In the case of Midnight Blizzard, password spraying against a test environment was the initial attack vector. For Cloudflare-Atlassian, threat actors initiated the attack via compromised  OAuth tokens  from a prior breach at Okta, a SaaS identity security provider.  What Exactly Happened? Microsoft Midnight Blizzard Breach Microsoft was targeted by the Russian "Midnight Blizzard" hackers (also known as Nobelium, APT29, or Cozy Bear) who are linked to the SVR, the Kremlin's forei
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