Ecuadorean Bank Is 3rd Caught Up In Hack Of SWIFT Users

Law360, New York (May 20, 2016, 10:47 PM EDT) -- The number of banks hit by a malware attack that has affected users of the Society for Worldwide Interbank Financial Telecommunication platform has grown to three, with an Ecuadorean bank revealing in court documents unearthed Friday that cybercriminals had stolen about $12 million from it.

SWIFT disclosed in a notice sent to its more than 11,000 members May 13 that it had identified at least two instances in which someone hacked the security controls at banks that use its platform to exchange secure messages. In both instances, the intruders obtained valid operator credentials that they used to submit fraudulent messages requesting...

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