(From Reuters)
Vietnam’s Tien Phong Bank (TPBank) said on Sunday it had thwarting a cyber fraud attempt late last year, and a third-party service it used to connect with the SWIFT global money transfers system may have been attacked by hackers.
In an emailed statement responding to Reuters queries, TPBank said the attack involved a suspect transaction worth more than 1 million euros ($1.13 million). It said it has since stopped using the outside vendor on SWIFT’s advice.
SWIFT declined to comment.
BAE Systems (BAES.L) last week said malware was used to target a Vietnamese commercial bank using fraudulent messages on the SWIFT network. The malware operated in a similar way to that used by hackers in the cyber heist of $81 million from the Bangladesh central bank in February. BAE did not name the Vietnamese bank, but SWIFT, the Brussels-based global financial messaging network, disclosed last Thursday that malware targeting a commercial bank had been discovered.
“Via a risk warning and oversight system and a tight internal control process, TPBank has identified a suspicious transaction worth more than a million euros transferred by invalid SWIFT messages that was not executed by the bank itself,” TPBank said in the emailed statement. “This attack … did not cause any losses and had no impact on the SWIFT system in particular and the transaction system between the bank and customers in general,” it said. Read more