Attacks/Breaches

5/16/2018
12:49 PM
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Hackers Stole Funds from Mexican Banks

Attack targeted nation's bank payment system with shades of SWIFT heist.

Mexican central bank officials confirmed this week that a cyberattack against its payments system resulted in millions of dollars in losses to domestic banks.

The attacks reportedly were spotted in late April, and appear to be similar to those waged against the SWIFT inter-bank messaging system. Alejandro Diaz de Leon, head of Mexico's central bank, said the attacks resulted in illicit transactions of $18 million to $20 million.

Mexico's central bank in the wake of the attacks has created a cybersecurity division, and a one-day waiting period on electronic funds transfers of more than $2,500 has been instituted, according to reports.

Read more here and here

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