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Wednesday, 27 April 2016

Bangladesh central bank heist involved Egyptian IP address, SWIFT system potentially compromised

Bangladesh central bank heist involved Egyptian IP address, SWIFT system potentially compromised: The attackers who stole USD 81 mn from the Bangladesh central bank probably hacked into software from the SWIFT financial platform, Reuters reports, citing security researchers at British defense contractor BAE Systems. As we reported before, the attackers are believed to have used the IP address of a server in Egypt to monitor the use of the SWIFT system by Bangladesh Bank staff. SWIFT confirmed the attack was conducted using a form of malware designed to hide the hacker’s tracks by changing information on a SWIFT database at Bangladesh Bank that tracks information about transfer requests. The story is also front page news in the digital edition of the Financial Times today. Let’s hope the Central Bank of Egypt has better cyber protection.

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