Saturday 19 October 2019

Bank cyber attack under formal investigation

An effort to electronically steal €35.6m from two Dutch banks is under formal investigation from the government’s electronic crimes task force, Nos television reports.

An investigation published by internet security specialist McAfee and Guardian Analytics showed on Tuesday that cybercriminals had tried to syphon off cash from 60 financial institutions worldwide.
The two Dutch banks were not named. According to the NRC, spokesmen for ABN Amro, ING and Rabobank declined to confirm or deny the possibility they were involved. A spokesman for the Dutch banking association would only say banks are subject to many attempted hacks every year.
The McAfee report said some 5,000 Dutch business accounts were affected. The shift from consumer to business accounts allows fraudsters to transfer larger sums of money without hitting money laundering limits, the report said.
Cybercrime involving fake or stolen internet bank accounts and phishing cost society €35m last year, up from €10m on a year ago, the Dutch central bank said in May.
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