Hackers are attacking the backbone of the world financial system, SWIFT. There are three cases reported so far. The total around $ 100 million had been transferred. How did it work?
First, hacker intercepts banking security system to install malware. Once it has been installed and run, it started to gain access to SWIFT messaging network. Using valid SWIFT credential of a back employee, hacker modified transaction detail to transferred monies to hacker’s destination accounts around the world.
Reference : http://thehackernews.com/2016/05/swift-banking-hack.html
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