Although we typically think of malware and phishing attacks being aimed at consumers, some cybercriminals choose to target banks directly rather than their customers so they can siphon money from unsuspecting financial institutions. If successful, these sophisticated techniques can yield impressive results.
A few months ago, unidentified attackers transferred $81 million from the bank of Bangladesh. That’s an serious amount of money, but the hackers wanted to steal close to $1 billion, and only a stroke of luck helped the banks prevent the bigger loss.
It turns out that this wasn’t an isolated incident, and hackers can pull it off again and again by taking advantage of the supposedly secure method banks use to transfer money.
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