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How $2 mn-City Union cyber theft is similar to $81 mn Bangladesh bank heist

Hackers disabled City printer connected to global payments platform SWIFT, preventing bank from receiving messages for three fraudulent payment instruction

Reuters  |  New Delhi 

Hackers who tried to steal nearly $2 million from India's City Union Bank this month used tactics similar to those employed in the unsolved cyber heist of $81 million from Bangladesh's central bank in 2016, City's CEO said on Monday. The unknown hackers disabled the City printer connected to global payments platform SWIFT on Feb. 6, preventing the bank from receiving acknowledgement messages for three fraudulent payment instruction sent that evening until the next morning. "Nobody suspected that it was an attack and thought it was a systemic ...

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First Published: Tue, February 20 2018. 07:54 IST
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