Tag: cyber theft

Capital and Risk, Operational

Cyber Bank Thieves Stole $12M from Ecuador Bank in 2015, Using SWIFT System

May 24, 2016

Via: Insurance Journal

Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complied. Over […]