Bank may be fined over hacking theft

CYBERHEIST:Two suspects have been arrested in Sri Lanka over the theft of US$60 million at Far Eastern International Bank, the Criminal Investigation Bureau said

Taipei Times

Date: Oct 10, 2017
By Ted Chen  /  Staff reporter

Far Eastern International Bank (遠東商銀) could be fined between NT$2 million and NT$10 million (US$65,842 and US$329,207) if a hacking incident at the lender was found to be a result of lax internal controls, the Financial Supervisory Commission said.

The company is expected to submit a full report on the incident to the commission before the end of this week.

It has also been ordered to process large transactions manually until it has shored up its information security measures.

A preliminary investigation by the commission’s Department of Information Management suggests that the malware which facilitated the cyberheist had infiltrated Far Eastern Bank’s systems when one of its employees opened an infected e-mail.    [FULL  STORY]

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