Malaysia's central bank foiled attempts at unauthorised fund transfers
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[KUALA LUMPUR] Malaysia's central bank said on Thursday it had detected and foiled a cybersecurity incident involving attempted unauthorised fund transfers using falsified SWIFT messages.
Bank Negara Malaysia did not suffer any financial loss in the incident, which occurred on Tuesday, the central bank said in a statement. There was no disruption to other payment and settlement systems the central bank operates, it said.
"All unauthorised transactions were stopped through prompt action in strong collaboration with SWIFT, other central banks and financial institutions," the bank said, referring to the global payments network SWIFT.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute