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IPFS News Link • World News

Ecuador Bank Says It Lost $12 Million in Swift 2015 Cyber Hack

• http://www.bloomberg.com

Banco del Austro SA said in a lawsuit filed in New York against Wells Fargo & Co. that hackers got access to the codes the bank uses to move money via Swift, the global interbank network, and used them to transfer funds from the U.S. bank. Though the attack happened more than 15 months ago, a Swift spokeswoman told Reuters that the firm had only just found out about it, suggesting banks have not been sharing details of such attacks with the cooperative. A Wells Fargo representative did not immediately return a call seeking comment.

Vietnam's Tien Phong Commercial Joint Stock Bank, known as TPBank, informed the country's regulators this week that it had fended off a fraudulent transfer request late last year for more than 1 million euros ($1.1 million) that came through a third-party service that the bank used to connect to the Swift system. In February,


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