Tag: cyberattack

Capital and Risk, Operational

EBA shuts down email systems after damaging cyberattack

March 8, 2021

Via: FinTech Futures

The attack is part of a widespread assault on organisations running Microsoft Exchange servers. Microsoft has issued emergency patches, but many believe servers could have been backdoored by criminals. The EBA says is has “swiftly launched a full investigation” in […]

Capital and Risk, Operational

Bank cyberattack could hit whole financial system – NY Fed research

January 20, 2020

Via: Finextra

The report models how a cyberattack on a single large bank, a group of smaller banks or a common service provider can be transmitted through the wholesale payments network. The researchers estimate that a hit on a big five bank […]

Capital and Risk, Operational

Tesco Bank resumes full service, refunds £2.5m to 9,000 customers

November 9, 2016

Via: Banking Technology

Tesco Bank has refunded £2.5 million to 9,000 customers who had money stolen from their accounts by fraudsters over the weekend. It has also resumed “normal services” following the temporary suspension of online transactions from current accounts (“to prevent criminal […]