Attacks/Breaches

2/20/2018
02:30 PM
50%
50%

SWIFT Network Used in $2 Million Heist at Indian Bank

The theft at India's City Union Bank comes on the heels of news that attackers stole $6 million from a Russian bank via SWIFT network last year.

In an attack reminiscent of the one on Bangladesh Bank in 2016, attackers this weekend made $2 million in unauthorized transfers from India's City Union Bank via the SWIFT financial network, Reuters reports. One of the transfers, for $500,000, was stopped.

The attack comes on the heels of a Friday report that an unnamed Russian bank had suffered a $6 million theft via the SWIFT network last year, and reports last week that insiders at India's Punjab National Bank had conspired in a $1.8 billion fraud case. 

The unauthorized transfers from City Union Bank - which were being made to lenders in Dubai, Turkey, and China through City Union Bank's correspondent financial institutions - were discovered by a private lender Saturday. 

City Union's CEO N. Kamakodi told Reuters there is "so far no evidence of any internal staff involvement," but said "we are very clear now the account holders are part of this conspiracy."

The Committe on Payments and Market Infrastructure, in September, called for greater security of inter-bank messaging services like SWIFT.  

For more information, click here.

 

 

Black Hat Asia returns to Singapore with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier solutions and service providers in the Business Hall. Click for information on the conference and to register.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Crowdsourced vs. Traditional Pen Testing
Alex Haynes, Chief Information Security Officer, CDL,  3/19/2019
BEC Scammer Pleads Guilty
Dark Reading Staff 3/20/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Well, at least it isn't Mobby Dick!
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
The State of Cyber Security Incident Response
The State of Cyber Security Incident Response
Organizations are responding to new threats with new processes for detecting and mitigating them. Here's a look at how the discipline of incident response is evolving.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-20165
PUBLISHED: 2019-03-22
Cross-site scripting (XSS) vulnerability in OpenText Portal 7.4.4 allows remote attackers to inject arbitrary web script or HTML via the vgnextoid parameter to a menuitem URI.
CVE-2019-1716
PUBLISHED: 2019-03-22
A vulnerability in the web-based management interface of Session Initiation Protocol (SIP) Software for Cisco IP Phone 7800 Series and Cisco IP Phone 8800 Series could allow an unauthenticated, remote attacker to cause a denial of service (DoS) condition or execute arbitrary code. The vulnerability ...
CVE-2019-1763
PUBLISHED: 2019-03-22
A vulnerability in the web-based management interface of Session Initiation Protocol (SIP) Software for Cisco IP Phone 8800 Series could allow an unauthenticated, remote attacker to bypass authorization, access critical services, and cause a denial of service (DoS) condition. The vulnerability exist...
CVE-2019-1764
PUBLISHED: 2019-03-22
A vulnerability in the web-based management interface of Session Initiation Protocol (SIP) Software for Cisco IP Phone 8800 Series could allow an unauthenticated, remote attacker to conduct a cross-site request forgery (CSRF) attack. The vulnerability is due to insufficient CSRF protections for the ...
CVE-2019-1765
PUBLISHED: 2019-03-22
A vulnerability in the web-based management interface of Session Initiation Protocol (SIP) Software for Cisco IP Phone 8800 Series could allow an authenticated, remote attacker to write arbitrary files to the filesystem. The vulnerability is due to insufficient input validation and file-level permis...