News

Third Hack Linked To SWIFT Network Costs $10 Million

In this day and age, people like to know that their bank is keeping their money safe. Sadly in this day and age where everything is connected that is harder to do than most would imagine and it would now seem that a third bank has linked a theft to the SWIFT network.

In the latest hack, the hackers managed to get another $10 million from an unnamed bank situated in Ukraine. This hack is the third to have been executed by people with links to the SWIFT international banking system. SWIFT (the Society for Worldwide Interbank Financial Telecommunications) is a system designed to sending banking messages between financial institutions around the world, ranging from your simple phone bill to the billion dollar exchanges companies make on a daily basis.

The Information Systems Audit and Control Association (ISACA) branch in Ukraine was hired by the bank to investigate the theft revealed that the hack shows similar methods to the one that allowed hackers to steal $81 billion from a bank based in Bangladesh. This was the first of a series of hacks, with it being followed by the bank of Ecuador and now one in Ukraine the hackers don’t seem to be targeting banks within the same country.

Gareth Andrews

Disqus Comments Loading...

Recent Posts

Trust Gaming GXT 609 Zoxa 2.0 PC Speakers

SOUNDS GREAT – Full stereo sound (12W peak power) gives your setup a booming audio…

3 hours ago

PowerA Wired Controller for Nintendo Switch

Special Edition Yoshi design Ergonomic controller shape with Nintendo Switch button layout Detachable 10ft (3m)…

3 hours ago

Logitech G Saitek PRO Flight Rudder Pedals

Fluid Motion: These flight rudder pedals are smooth and accurate that enable precise control over…

3 hours ago

Logitech G Saitek Farm Sim Controller

Heavy Equipment Bundle: Includes a steering wheel for heavy machinery, gas and brake pedals, and…

3 hours ago

Razer Ornata V3 X – Low Profile Gaming Keyboard

Low-profile Keys for an ergonomic gaming experience. With slimmer keycaps and shorter switches, enjoy natural…

3 hours ago

Glorious Gaming Model O Wired Gaming Mouse

Size & style: Ambidextrous lightweight mouse for gaming. Built for speed, control and comfort, with…

3 hours ago