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Security Crime The Almighty Buck News

Three Banks Lose Millions After Wire Transfer Switches Hacked 179

Posted by Soulskill from the we're-all-choked-up,-really dept.
mask.of.sanity writes "Criminals have stolen millions from three unnamed U.S. banks by launching slow and stealthy denial of service attacks as a distraction before attacking wire payment switches. The switches manage and execute wire transfers and could have coughed up much more cash should the attackers have pressed on. RSA researcher Limor Kessem said, 'The service portal is down, the bank is losing money and reliability, and the security team is juggling the priorities of what to fix first. That's when the switch attack – which is very rare because those systems are not easily compromised [and require] high-privilege level in a more advanced persistent threat style case – takes place.'"
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Three Banks Lose Millions After Wire Transfer Switches Hacked

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