Vietnam’s TPBank rescues $1.13m from cyber theft – Reuters

Vietnam’s Tien Phong Bank (TPBank) thwarted an attempt in the final quarter of 2015 to rob it of more than 1m euros ($1.13m) via fraudulent messages through the SWIFT international transfers system, Reuters said, citing the lender.

Reuters cited the Hanoi-based bank as saying in a statement that the theft attempt had neither inflicted any losses on the lender nor had any impact on the SWIFT system or on the lender’s transactions with its customers.

Reuters said the heist attempt had been similar to a hacking attack in February 2016 in which fake SWIFT messages were used to steal nearly $1bn from the Bangladesh central bank’s account at the New York Federal Reserve.

The bulk of the Bangladeshi money was rescued but $81m was transferred to bank accounts in the Philippines, and most of it remains missing after being moved to casinos and casino agents, Reuters said.

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