All posts tagged "cyber attack"
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604InternationalWFE Details Industry Efforts to Ensure Cyber Resilience of Markets
WFE members are continuously investing resources and technology to enhance their capabilities under the philosophy that it is not a question of ‘if’ they experience a cyber incident but when.
May 29, 2020 -
1.3KInternationalFinancial Sector Suffers More Cyber Attacks Than Any Other Sector
But, because the financial sector spends more on IT security and manages the risks better, it also suffers lower costs than other sectors.
May 21, 2020 -
677Market InfrastructureMAS, ABS Conclude 6th Crisis Response Testing Exercise
‘Exercise Raffles’ brought together the public and private sectors – including the FS-ISAC, HKMA, CSA, SGX, SWIFT and FIS Global – to test cyber and operational disruption response capabilities.
November 23, 2019 -
1.1KMarket InfrastructureSingapore Brokers Experience DDoS-related Disruption
MAS said a small number of stock brokers encountered DDoS attacks last week, but only “limited disruption” resulted due to their mitigation services being activated.
November 1, 2019 -
1.9KAsia-PacificBangladesh: Three Private Banks Hit by Cyber Attacks
Hackers stole $3m from Dutch-Bangla Bank using cloned credit cards and cash machines in Cyprus, Russia and Ukraine.
June 25, 2019 -
1.7KAML / KYCSWIFT Details Critical Factors for Effective Cyber Defence
Asian banks must accept they are more susceptible as the initial target for fraudulent payments, as well as the receivers, with over 83 per cent of cases based in the region.
April 12, 2019 -
969AML / KYC
UPDATED – Bangladesh Bank Files New York Lawsuit over Cyber Heist
Bangladesh Bank has filed a $66mn lawsuit against Philippines-based RCBC and others over the 2016 bank heist, where hackers stole $101mn from its account with the New York Fed.
February 4, 2019 -
601IndiaSEBI Issues Cybersecurity Framework for Brokers, Depository Participants
Stockbrokers and depository participants will have to formulate a comprehensive cyber security and cyber resilience policy document in accordance with the guidelines by April 2019.
December 4, 2018 -
819FeatureIndia’s Cosmos Bank Suffers $13mn Theft
Attackers used cloned cards to simultaneously withdraw cash from ATMs in 28 countries, along with a fraudulent SWIFT transfer two days later.
August 16, 2018 -
1.1KAsia-PacificThailand Banks Hit by Cyber Attack Resulting in Data Leak
Hackers have stolen non-financial data of over 120,000 customers from Kasikornbank and Krungthai Bank in the first such data leak in the Thai banking sector.
August 2, 2018
