Tag: Heist

Tesco Bank May Have Facilitated Their Own Heist By Using Sequential Debit Card Numbers

A few weeks ago, news broke about Tesco Bank falling victim to a massive fraud attack. As it turns out, the institution brought this upon themselves, as they issued debit cards with sequential numbers. This is perhaps one of the worst examples of financial malpractice to hit the banking sector in quite some time. Sequential Debit Card Numbers Are A Plague To put this news into perspective, the issues described …
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Bangladesh Central Bank Heist Update: US$15m of Stolen Funds Will Be Returned

Quite a few people will remember the Bangladesh heist, which took place a few months ago. During this attack against a Swift-connected bank, roughly US$81m was stolen by cyber criminals. It looks as if part of the stolen funds will be returned to their rightful owners, as a Philippine court ordered the return of US$15m. Said funds somehow ended up in the bank account of a casino boss. A Silver …
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RIPPER Malware To Blame For Recent Taiwan Bank ATM Heist

ATM malware is becoming the new norm all over the world these days. Inserting a bank card into an automated teller machine is a significant systemic risk right now. RIPPER, a new form of ATM malware, is blamed for last week’s heist in Thailand. A total of 12 million baht was stolen from bank machines during this process. RIPPER Malware Is Here To Stay Last week’s bank ATM heist in …
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Filipino President Vows To Retrieve Funds From Bangladesh Bank Heist

More details are being made public regarding the Bangladesh central bank heist through the Swift network a few months ago. As it turns out, the funds have made its way through Manila bank accounts. However, the president of The Philippines has vowed he will do everything he can to make sure the US$81m is returned to its rightful owners. Another Plot Twist For The Bangladesh Central Bank Heist Efforts to …
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