• Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
MUST READ

Severe Hikvision HikCentral product flaws: What You Need to Know

 | 

U.S. CISA adds TP-Link Archer C7(EU) and TL-WR841N flaws to its Known Exploited Vulnerabilities catalog

 | 

Google addressed two Android flaws actively exploited in targeted attacks

 | 

U.S. CISA adds WhatsApp, and TP-link flaws to its Known Exploited Vulnerabilities catalog

 | 

Android droppers evolved into versatile tools to spread malware

 | 

Jaguar Land Rover shuts down systems after cyberattack, no evidence of customer data theft

 | 

Cloudflare blocked a record 11.5 Tbps DDoS attack

 | 

Palo Alto Networks disclosed a data breach linked to Salesloft Drift incident

 | 

Von der Leyen’s plane hit by suspected Russian GPS Jamming in Bulgaria, landed Safely

 | 

Supply-chain attack hits Zscaler via Salesloft Drift, leaking customer info

 | 

Crooks exploit Meta malvertising to target Android users with Brokewell

 | 

North Korea’s APT37 deploys RokRAT in new phishing campaign against academics

 | 

Fraudster stole over $1.5 million from city of Baltimore

 | 

SECURITY AFFAIRS MALWARE NEWSLETTER ROUND 60

 | 

Security Affairs newsletter Round 539 by Pierluigi Paganini – INTERNATIONAL EDITION

 | 

Amazon blocks APT29 campaign targeting Microsoft device code authentication

 | 

Lab Dookhtegan hacking group disrupts communications on dozens of Iranian ships

 | 

New zero-click exploit allegedly used to hack WhatsApp users

 | 

US and Dutch Police dismantle VerifTools fake ID marketplace

 | 

Experts warn of actively exploited FreePBX zero-day

 | 
  • Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
  • Home
  • Breaking News
  • Cyber Crime
  • Security
  • SWIFT discloses more cyber attacks on its bank members and urges more security

SWIFT discloses more cyber attacks on its bank members and urges more security

Pierluigi Paganini September 01, 2016

SWIFT discloses more attacks against banks worldwide, pressures banks on security and urged member banks to implement the new SWIFT software by November 19.

In the last months, a worrisome string of attacks against banks worldwide through the SWIFT system has alarmed the banking industry. The so-called “SWIFT hackers” have conducted multiple cyber attacks against financial institutions. We reported the successful cyber heists on the Bangladesh bank, against a Ukrainian bank, and the Ecuadorian bank, meanwhile, a Vietnam bank reported to have blocked an ongoing cyber heist.

In May, a fourth Bank in the Philippines was a victim of the SWIFT hackers and the experts at Symantec confirmed the malware used by the crooks shares code with tools used by the notorious Lazarus group linked to the North Korean Government.

According to the Reuters agency, the SWIFT issued a new warning urging member banks to implement the new SWIFT software by 19 November.

The latest version of SWIFT’s software implements new security features specifically designed to defeat such kind of attacks.The authentication processes have been improved such as the implementation of mechanisms to early detect fraudulent activities.

“Customers’ environments have been compromised, and subsequent attempts (were) made to send fraudulent payment instructions. The threat is persistent, adaptive and sophisticated – and it is here to stay.” states the SWIFT.

The organization hasn’t provided further details on the alleged additional cyber attacks against banks worldwide.

“All the victims shared one thing in common,” says Reuters: “Weaknesses in local security that attackers exploited to compromise local networks and send fraudulent messages requesting money transfers.”

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. REUTERS/Carlo Allegri/Illustration/File Photo

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. REUTERS/Carlo Allegri/Illustration/File Photo

SWIFT told banks that it might report the incident to regulators and banking partners if they failed to adopt the new SWFT software.

Despite the efforts of the SWIFT, many experts speculate that the new security features are not enough to consider completely secure the banking systems.

Of course, the cyber attacks have prompted regulators globally to press financial institution to bolster their security defenses.

[adrotate banner=”9″] [adrotate banner=”12″]

Pierluigi Paganini

(Security Affairs – Cyber heists, banking)

[adrotate banner=”5″]

[adrotate banner=”13″]


facebook linkedin twitter

Bangladesh Bank Cybercrime Hacking malware security breach SWIFT software US Federal Reserve

you might also like

Pierluigi Paganini September 04, 2025
Severe Hikvision HikCentral product flaws: What You Need to Know
Read more
Pierluigi Paganini September 04, 2025
U.S. CISA adds TP-Link Archer C7(EU) and TL-WR841N flaws to its Known Exploited Vulnerabilities catalog
Read more

leave a comment

newsletter

Subscribe to my email list and stay
up-to-date!

    recent articles

    Severe Hikvision HikCentral product flaws: What You Need to Know

    Hacking / September 04, 2025

    U.S. CISA adds TP-Link Archer C7(EU) and TL-WR841N flaws to its Known Exploited Vulnerabilities catalog

    Hacking / September 04, 2025

    Crooks turn HexStrike AI into a weapon for fresh vulnerabilities

    Cyber Crime / September 03, 2025

    Google addressed two Android flaws actively exploited in targeted attacks

    Security / September 03, 2025

    U.S. CISA adds WhatsApp, and TP-link flaws to its Known Exploited Vulnerabilities catalog

    Hacking / September 03, 2025

    To contact me write an email to:

    Pierluigi Paganini :
    pierluigi.paganini@securityaffairs.co

    LEARN MORE

    QUICK LINKS

    • Home
    • Cyber Crime
    • Cyber warfare
    • APT
    • Data Breach
    • Deep Web
    • Digital ID
    • Hacking
    • Hacktivism
    • Intelligence
    • Internet of Things
    • Laws and regulations
    • Malware
    • Mobile
    • Reports
    • Security
    • Social Networks
    • Terrorism
    • ICS-SCADA
    • POLICIES
    • Contact me

    Copyright@securityaffairs 2024

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities...
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT