in ,

Symantec: SWIFT Financial Messaging Network Hack Linked to Sony, Asian Bank Attacks

Symantec: SWIFT Financial Messaging Network Hack Linked to Sony, Asian Bank Attacks - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

CyberAttack (1) EbizSymantec analysis has found that malware used by hackers to steal money from Bangladesh’s central bank via the Society for Worldwide Interbank Financial Telecommunication system is similar to malware that affected a Philippine bank in October, Reuters reported Friday.

Dustin Volz writes the security company also linked the Bangladesh Bank heist to an attempted SWIFT wire fraud on a Vietnam-based commercial bank and a 2014 attack at U.S.-based Sony Entertainment.

Financial institutions worldwide use the platform to send and receive payment instructions.

The report said government agencies around the world are investigating the SWIFT network’ security system after cyber criminals fraudulently transferred about $81 million out of Bangladesh Bank to New York’s Federal Reserve Bank using the messaging network.

The report said SWIFT called on financial services companies to implement measures to strengthen the cybersecurity of their systems.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Cybersecurity News

mm

Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

Dan Allison Joins Dell Services as Healthcare & Life Sciences Division VP, Global GM - top government contractors - best government contracting event
Dan Allison Joins Dell Services as Healthcare & Life Sciences Division VP, Global GM
Aerojet Rocketdyne, Space Systems Loral Products Reach Centennial Milestones - top government contractors - best government contracting event
Aerojet Rocketdyne, Space Systems Loral Products Reach Centennial Milestones