bank theft

Bangladesh Bank Hackers Compromised SWIFT Software, Warning to be Issued

By Jim Finkle April 25 – The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems. SWIFT, a cooperative owned by 3,000 financial institutions, confirmed to

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When Mobsters Meet Hackers – the New, Improved Bank Heist

By Jeremy Wagstaff and Jim Finkle March 31 – No need for stocking masks and sawn-off shotguns. The unprecedented heist of $81 million from the U.S. account of Bangladesh’s central bank is the latest among increasingly large thefts by criminals who have leveraged the speed and anonymity of hacking to revolutionise burgling banks. Hundreds of

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