DECRYPTING

SWIFT – Taiwan Bank Hack Suspects Red-Handed

You are here :

SWIFT – Taiwan Bank Hack Suspects Red-Handed

Taiwanese Bank has been hacked recently,hackers stole about $60 million and transferred the cash to accounts in Asia and the U.S the latest computer crime troubled the global financial system SWIFT.

Society for Worldwide Interbank Telecommunication(SWIFT) is a global financial messaging system that thousands of banks and commercial organizations across the world use to transfer billions of dollars every day.

According to Taiwanese state-owned news agency Central News Agency,most of the stolen money has now been recovered with only $500,000 remaining, and authorities made two arrested in correction with this crime.

Two Taiwanese investigators and an official from Far Eastern International arrived in Sri Lanka on Wednesday night to thorough investigation into this crime, said Police Media Spokesman SP Ruwan Gunasekera .

The Criminal Investigation Bureau (CIB) of Taiwan Said that it has launched an investigation and asked the bank to submit details about its computer operations.P olive in Sri Lanka did not disclose the name of the affected bank in Taiwan

The US$2.1 million had been transferred into the account of Nammuni through the Bank of Ceylon branch in New York,USA.

IMPORTANT SUSPECTS

1st Suspect Janaki Nammuni is a dual citizenship holder of England and Sri Lanka.

2nd Suspect The Former Chairman of Little Gas Shalila Munasinghe is a British citizen.

The federal authorities are still looking for the third suspect.

Court has granted permission to the CID to investigate the electronic devices that were allegedly used for the hacking and also granted CID officers to record statement of the suspect when required,with the permission of prison officials.

 

FLASHBACK

A flashback there similar incident reported in February 2016.An attempt to steal around US$1 Billions from a Bangladesh account at the New York Federal Reserve Bank.

SWIFT will release details of a plan to start offering security data in “machine digestible” formats that banks can use to automate efforts to discover and remediate cyber attacks said Gilderdale.

Leave a Reply