Date
26 September 2017
Cyber criminals tried to steal 1 million euros from  Tien Phong Bank using the SWIFT global financial messaging service. Photo: Internet
Cyber criminals tried to steal 1 million euros from Tien Phong Bank using the SWIFT global financial messaging service. Photo: Internet

Vietnam bank targeted in Bangladesh-like hacking

Vietnam’s Tien Phong Bank was targeted by cyber criminals who used the SWIFT global interbank messaging service to try to steal funds.

A senior official in the Vietnamese central bank confirmed the attack, the Wall Street Journal reports.

The bank appears to be the one hinted at last week by the Society for Worldwide Interbank Financial Telecommunication, which said a second bank had reported a cyber-attack like one in which thieves stole US$81 million from the Bangladesh central bank’s account in the Federal Reserve Bank of New York.

In the Bangladesh case, the thieves tried to transfer nearly US$1 billion, although most of the requests were blocked.

The scale of the Vietnamese attack, which occurred late last year, appears to be much smaller.

The thieves ordered the transfer of more than 1 million euros (US$1.13 million), according to Reuters.

The bank detected the fraudulent transfer requests and stopped the movement of funds, the central bank official said.

News of the two attacks sparked concern that hackers had found ways into the messaging system banks rely on to move money securely around the world.

SWIFT has said the network itself was not breached and has urged banks to improve their security.

The network’s primary regulator, the National Bank of Belgium, said responsibility for recent attacks lies with customers.

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RC/RA

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