Bangladesh Bank alerts commercial banks about cyber attacks
Bangladesh Bank has issued an alert warning the country's commercial banks that cyber attacks you can do at any moment.
The central bank said the North Korean hackers have resumed targeting banks worldwide through the use of fraudulent international money transfers and ATM cash-outs.
It really is believed that the North Korean hackers were in charge of stealing $81 million from a Bangladesh Bank in 2016, and also have engaged in fraudulent ATM cash-outs affecting up to 30 countries within a incident.
In line with the alert, the hackers' "international robbery scheme" poses "severe operational risk" for individual banks beyond reputational harm and financial losses. A robbery fond of one bank may implicate multiple banks "in both theft and the flow of illicit funds back again to North Korea," the alert warns.
The hackers "initially targeted switch applications at individual banks with FASTCash malware but, more recently, have directed at least two regional interbank payment processors," the alert states, cautioning that suggests the hackers "are exploring upstream opportunities in the payments ecosystem."
It really is learnt that the central banks have issued several alerts to the commercial banks over the last several days. Bangladesh Bank in addition has been monitoring the problem very closely.
Besides, the government's law enforcing agencies and intelligence agencies have kept strong vigilance on the matter. Commercial banks took precautionary measures about the online transactions. The central bank is also monitoring the foreign currency transactions. As part of it, officials of card divisions and online banking at many banks have already been attending their offices on weekly holidays.
Vigilance has been strengthened at the ATM booths. Several banks also have temporarily suspended drawing money from their booths using the debit and bank cards of other banks.
