Second Bank hit by Malware attack similar to $81 Million Bangladesh Heist

SWIFT, the global Society for Worldwide Interbank Financial Telecommunications, warned on Thursday of a second malware attack similar to the Bangladesh central bank hack one that led to $81 million cyber heist.

In February, $81 Million cyberheist at the Bangladesh central bank was carried out by hacking into SWIFT, the global financial messaging system that thousands of banks and companies

How Did Hackers Who Stole $81 Million from Bangladesh Bank Go Undetected?

In Brief
Investigators from British defense contractor BAE Systems discovered that hackers who stole $81 million from the Bangladesh Central Bank actually hacked into software from SWIFT financial platform, a key part of the global financial system.

The hackers used a custom-made malware to hide evidence and go undetected by erasing records of illicit transfers with the help of compromised

World's 9 Biggest Banks to adopt Bitcoin's Blockchain Technology

The Existing Infrastructure used by Financial institutions like Banks is Archaic, Slow, and Costly, with hardly any innovation in the past three decades.



Nine of the World’s renowned Banks, including JPMorgan, Royal Bank of Scotland, Goldman Sachs and Barclays, are collaborating with New York-based financial tech firm R3 to create a new framework based on Bitcoin’s Blockchain.



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Self-Service Bank Passbook Printing Machines Leak Customers Financial Details

Gone are the days when you had to wait in a queue to get your Bank passbook updated. With the implementation of automated machines in Banks, it's now a game of seconds to update your passbook yourself.
Bank Passbook is a copy of the customer's account in the books of the bank which includes client's current account balance and transaction details (deposits and withdrawals).
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