Forensic investigation into the Tesco Bank hack this weekend will only be in its initial stages. Until we get the results, everything is conjecture. Nevertheless there are some things worth considering. Tesco Bank is not one of the Big Banks. It may well have been targeted for that reason, with the cyber criminals assuming – […]
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the banking transactions messaging service that hackers used to steal more than $80 million from the central bank of Bangladesh, is adding a new fraud protection system. Starting in December, the network will send its member banks summaries of their communications, with a separate summary flagging suspicious […]
A mere three years after a South African bank spent $1.8 million on a new fraud-detection system, hackers managed to swindle $6.7 million out from under that system’s nose. As the South African Times Live reported on Sunday, the high-tech heist is believed to have been carried out by a cybercrime syndicate with in-depth knowledge […]
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