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 defence contractor BAE Systems.
SWIFT, a cooperative owned by 3,000 financial institutions, confirmed to Reuters that it was aware of malware targeting its client software. Its spokeswoman Natasha Deteran said SWIFT would release on Monday a software update to thwart the malware, along with a special warning for financial institutions to scrutinise their security procedures.
The new developments now coming to light in the unprecedented cyber-heist suggest that an essential linchpin of the global financial system could be more vulnerable than previously understood to hacking attacks, due to the vulnerabilities that enabled attackers to modify SWIFT’s client software.
Source.
SWIFT, a cooperative owned by 3,000 financial institutions, confirmed to Reuters that it was aware of malware targeting its client software. Its spokeswoman Natasha Deteran said SWIFT would release on Monday a software update to thwart the malware, along with a special warning for financial institutions to scrutinise their security procedures.
The new developments now coming to light in the unprecedented cyber-heist suggest that an essential linchpin of the global financial system could be more vulnerable than previously understood to hacking attacks, due to the vulnerabilities that enabled attackers to modify SWIFT’s client software.
Source.
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