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Hackers Steal $60 Million from Taiwanese Bank; Two Suspects Arrested

Hackers Steal $60 Million from Taiwanese Bank; Two Suspects Arrested

Oct 11, 2017
A Taiwanese bank has become the latest to fall victim to hackers siphoning off millions of dollars by targeting the backbone of the world financial system, SWIFT. SWIFT, or Society for Worldwide Interbank Telecommunication, is a global financial messaging system that thousands of banks and commercial organizations across the world use to transfer billions of dollars every day. Hackers reportedly last week managed to steal almost $60 Million from Far Eastern International Bank in Taiwan by planting malware on the bank's servers and through the SWIFT interbank banking system. According to Taiwanese state-owned news agency Central News Agency, most of the stolen money has now been recovered, with only $500,000 remaining, and authorities have made two arrests in connection with the bank cyber-heist. Far Eastern on Friday admitted that some unknown hackers managed to install malware on computers and servers within its organization, and most crucially, onto a SWIFT terminal emplo
Turns Out Microsoft Has Already Patched Exploits Leaked By Shadow Brokers

Turns Out Microsoft Has Already Patched Exploits Leaked By Shadow Brokers

Apr 15, 2017
The latest dump of hacking tools allegedly belonged to the NSA is believed to be the most damaging release by the Shadow Brokers till the date. But after analyzing the disclosed exploits, Microsoft security team says most of the windows vulnerabilities exploited by these hacking tools, including EternalBlue, EternalChampion, EternalSynergy, EternalRomance and others, are already patched in the last month's Patch Tuesday update. " Most of the exploits that were disclosed fall into vulnerabilities that are already patched in our supported products. Customers still running prior versions of these products are encouraged to upgrade to a supported offering, " Microsoft Security Team said in a blog post  published today. On Good Friday, the Shadow Brokers released a massive trove of Windows hacking tools allegedly stolen from NSA that works against almost all versions of Windows, from Windows 2000 and XP to Windows 7 and 8, and their server-side variants such as Serve
The Drop in Ransomware Attacks in 2024 and What it Means

The Drop in Ransomware Attacks in 2024 and What it Means

Apr 08, 2024Ransomware / Cybercrime
The  ransomware industry surged in 2023  as it saw an alarming 55.5% increase in victims worldwide, reaching a staggering 5,070.  But 2024 is starting off showing a very different picture.  While the numbers skyrocketed in Q4 2023 with 1309 cases, in Q1 2024, the ransomware industry was down to 1,048 cases. This is a 22% decrease in ransomware attacks compared to Q4 2023. Figure 1: Victims per quarter There could be several reasons for this significant drop.  Reason 1: The Law Enforcement Intervention Firstly, law enforcement has upped the ante in 2024 with actions against both LockBit and ALPHV. The LockBit Arrests In February, an international operation named "Operation Cronos" culminated in the arrest of at least three associates of the infamous LockBit ransomware syndicate in Poland and Ukraine.  Law enforcement from multiple countries collaborated to take down LockBit's infrastructure. This included seizing their dark web domains and gaining access to their backend sys
Latest Hacking Tools Leak Indicates NSA Was Targeting SWIFT Banking Network

Latest Hacking Tools Leak Indicates NSA Was Targeting SWIFT Banking Network

Apr 14, 2017
Update: Most of the exploits made publicly available (mentioned in this article) by the Shadow Brokers group are already patched by Microsoft in the last month's Patch Tuesday update. So, it is always recommended that you keep your systems up-to-date in order to prevent you from being hacked. The Shadow Brokers – a hackers group that claimed to have stolen a bunch of hacking tools from the NSA – released today more alleged hacking tools and exploits that target earlier versions of Windows operating system, along with evidence that the Intelligence agency also targeted the SWIFT banking system of several banks around the world. Last week, the hacking group released the password for an encrypted cache of Unix exploits , including a remote root zero-day exploit for Solaris OS, and the TOAST framework the group put on auction last summer. The hacking tools belonged to " Equation Group " – an elite cyber attack unit linked to the National Security Agency (NSA).
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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
SWIFT Hackers Steal $10 Million From Ukrainian Bank

SWIFT Hackers Steal $10 Million From Ukrainian Bank

Jun 28, 2016
A Ukrainian bank has become the latest victim of the widespread cyber attack on global banking and financial sector by hackers who target the backbone of the world financial system, SWIFT. Hackers have reportedly stolen $10 Million from an unnamed bank in Ukraine by exploiting the SWIFT international banking system, according to an independent IT monitoring organization called the Information Systems Audit and Control Association (ISACA). Swift or the Society for Worldwide Interbank Financial Telecommunication is the global banking messaging system responsible for managing Billions of dollars in money transfers each day between financial institutions worldwide. The ISACA branch in Ukraine, who has been hired by the targeted bank to investigate the heist, disclosed that some unknown hackers were able to compromise the bank's security in similar way they hacked Bangladesh central bank and stole $81m (£56m), the Kyiv Post reports. "At the current moment, dozens of ba
Philippines Bank hit by SWIFT Hacking Group allegedly linked to North Korea

Philippines Bank hit by SWIFT Hacking Group allegedly linked to North Korea

May 27, 2016
SWIFT Bank Hackers have attacked another bank in the Philippines using the same modus operandi as that in the $81 Million Bangladesh Bank heist . Security researchers at Symantec have found evidence that malware used by the hacking group shares code similarities with the malware families used in targeted attacks against South Korean and US government, finance, and media organizations in 2009. These historic attacks were attributed to the North Korean hacking group known as Lazarus , who hacked Sony Pictures in 2014. Also Read:   How Hackers Stole $80 Million from Bangladesh Bank . " At first, it was unclear what the motivation behind these attacks were, however, code sharing between Trojan.Banswift (used in the Bangladesh attack used to manipulate SWIFT transactions) and early variants of Backdoor.Contopee provided a connection, " Symantec blog post says. In past few months, some unknown hackers have been targeting banks across the world by gaining access to SWIFT, the worldwi
Ecuador Bank Hacked — $12 Million Stolen in 3rd Attack on SWIFT System

Ecuador Bank Hacked — $12 Million Stolen in 3rd Attack on SWIFT System

May 21, 2016
Bangladesh is not the only bank that had become victim to the cyber heist . In fact, it appears to be just a part of the widespread cyber attack on global banking and financial sector by hackers who target the backbone of the world financial system, SWIFT. Yes, the global banking messaging system that thousands of banks and companies around the world use to transfer Billions of dollars in transfers each day is under attack. A third case involving SWIFT has emerged in which cyber criminals have stolen about $12 million from an Ecuadorian bank that contained numerous similarities of later attacks against Bangladesh's central bank that lost $81 Million in the cyber heist . The attack on Banco del Austro (BDA) in Ecuador occurred in January 2015 and, revealed via a lawsuit filed by BDA against Wells Fargo, a San Francisco-based bank on Jan. 28, Reuters reported. Here's how cyber criminals target banks: Uses malware to circumvent local security systems of a bank. Gains acces
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