Malaysian Central Bank Thwarts Cyberheist
The central bank of Malaysia said last Thursday that it was able to prevent an attempted cyber attack with the intent to steal funds via fraudulent wire transfers.
Bank Negara Malaysia revealed that the attackers made falsified wire-transfer requests over the SWIFT bank messaging network, but did not say if they were able to identify the attackers or their methods.
Tom Kellermann, a former member of the World Bank security team, pointed out that the bank’s failure to identify and apprehend the criminals means that adversaries who wish to exploit the system are still at large. Meanwhile, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) declined to comment on the incident.