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A Duo Arrested by Sri Lankan Police Over Bank Hacking in Taiwan

 

According to the officials, the duo has been arrested by Sri Lankan police for helping international criminals to steal and transfer millions of dollars from a Taiwan Bank to their respective sources. The couple was arrested while they were attempting to withdraw a huge amount of money from their account in a Sri Lankan Bank Branch in Colombo, confirms the official.

 

After full information of the incident, the premier, Lai Chang-tehas strictly instructed the government to take appropriate measures and tighten the cybersecurity by alleviating all the loopholes, as confirmed by the Cabinet spokesperson Hsu Kup-Yung.

 

A report was made by the Eastern Bank on Friday to the Financial Supervisory Commission regarding implantation of a malware in its computer system. As a result of the malware, larger numbers of servers and PCs of the bank were infected and there were intricacies within the Society for Worldwide Interbank Financial Telecommunication network.

 

With the implanted malware, the hackers performed virtual transactions and successfully stole and shifted funds accounting almost US $60 million from customer's bank accounts in the Far Eastern Bank to international destinations like United States, Cambodia, and Sri Lanka. The bank witnessed the same on this Tuesday.

 

The bank executed hard attempts to trace the lost funds and identified a loss of less than the US $500,000. As per the bank officials, the bank continued to perform reinforced fund movements in order to identify the lost funds and reduce the loss to zero.

 

During the entire search, the Criminal Investigation Department (CID) worked closely with the Taiwan correspondents to trace the hackers, who were believed to breach the bank computers in Taiwan last week, as stated in the news24.com edition of 9th October 2017.

 

Till date, the Sri Lankan police have not disclosed the name of the Taiwan's bank affected by the malware. Even the exact stolen sum has not been fully identified. But according to a report from Sri Lankan media, it is estimated that the tens of million dollars have been wiped out from the region.

 

The Financial Regulatory Commission in Taipei has confirmed that the swift system of the local Far Eastern International Bank had been attacked through a computer virus without any proven details. In the four days course of time of a National Holiday beginning from Saturday, all Taiwan's banks have been strictly informed to introduce tight safety control mechanisms to avoid experiencing future cybercrimes.

» SPAMfighter News - 13-10-2017

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