Hacker Loot Over $10 Million From Ukrainian Bank Through SWIFT Outlet

Hacker Loot Over $10 Million From Ukrainian Bank Through SWIFT Outlet
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$10 Million from Ukrainian bank

A unknown Ukrainian bank targeted by the hacker and make a loot of $10 Million from Ukrainian bank. According to the ISACA also known as Information Systems Audit and Control Association, report a file of stealing $10 Million by using SWIFT bank system loopholes from unknown Ukraine bank. This is massive attacks have open the eyes of the cyber security center.

Society Worldwide Interbank Financial Telecommunication or called its as SWIFT is one of the massive responsible system, which is used to for managing billions and billions of dollars in transacting money each and every day to the different world present worldwide. ISACA revealed an attack done the hacker to swipe almost $10 Million from Ukrainian bank. In present most of the Ukraine and most of the Russian bank have compromised, which been suspect of the millions of loot from an unknown bank.

However, the total damage of this vulnerability could be much more substantial, since it is likely that other banks in the financial ecosystem Ukraine have also committed. The Ukraine ISACA branch, has been appointed by the victims bank. The victim bank hired ISACA to do investigate on the massive loot of $10 Million from Ukrainian bank. Revealed that some unknown hackers were able to compromise the security of the bank made a similar way to the bank central Bangladesh pieces and earned $ 81m (£ 56m), the Kyiv Post reports.

$10 Million from Ukrainian bank

The company believes hacker targeted not only some of the Ukrainian bank, but the hacker have also attacks many other financial business institutions in Russia and Eastern Europe. Hackers Swift have already made a number of victims, including Bangladesh’s central bank, the bank BDA in Ecuador, and a commercial bank with no name. ISACA said that hackers can use the information and tools available to the public to commit the theft. The organization have also added some notes, that the exact same $10 Million from Ukrainian bank trick was probably used to spread in other banks in the Ukrainian financial system.

According to the local news, At the center of this incident was the malware specifically designed to target the SWIFT system and the banks that did not correctly apply the security guards to protect their system of inter-bank transactions. In February, hackers Swift has managed to steal $ 81 million cyber-heist to the account of the central bank of Bangladesh on the New York Federal Reserve through hacking into the SWIFT network with a piece of malware that manipulated the records and deleted the history of fraudulent transactions, and also prevented from printing printers such operations.

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