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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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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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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