This Banking Official’s Dire Warning May Spark a Rush to Pull Out Money
Hackers now have the ability to bring down an entire bank by cyberattack, one of the world’s top banking officials is warning.
Gottfried Leibbrandt, the CEO of SWIFT (Society for Worldwide Interbank Financial Telecommunication), said major cyberattacks on banks in three different countries in the past year demonstrated that hackers now have the ability to completely wipe out a major financial institution. SWIFT is a money transfer network for the world’s banks.
“The banks were compromised, credentials to payment generation systems were obtained to send fraudulent payments, and the statements/confirmations from their counterparties were obfuscated,” Leibbrandt revealed at a conference in Brussels.
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SWIFT previously had warned that the attacks are “part of a wider and highly adaptive campaign.”
Three attacks have him concerned:
- The February 1, 2016, theft of $101 million from the national bank in Bangladesh. Experts are particularly worried about this attack because the crooks were able to transfer the money out of the Bangladesh bank’s accounts at the New York Federal Reserve.
- The January 1, 2015, theft of $12 million from Banco del Austro SA in Ecuador. In a lawsuit against one of America’s largest banks, Wells Fargo & Company, Banco del Austro alleged that crooks got the SWIFT codes from Wells Fargo that allowed them to make the transfer.
- The 2015 theft of 1 million euros ($1.1 million) from TPBank in Vietnam. The money was taken through a fraudulent money transfer and it nearly caused the bank to collapse, Bloomberg.
“In the recent cases, thieves were able to move just some of those banks’ overseas assets,” Leibbrandt said. “As a result, for the banks concerned, the events haven’t been existential. The point is that they could have been.”
Officials are concerned because thieves were easily able to circumvent bank security and infect computers with malware, and then transfer money out of accounts, CNN reported.
Since SWIFT connects almost any bank in the world, hackers can use it to send money almost anywhere.
“The financial industry, as a community, has to be clear that cyber risk is big; there will be more cyber attacks. And inevitably some will be successful,” he said.
What is your reaction? Do you think America’s banks are safe? Share your thoughts in the section below:
Source: http://www.offthegridnews.com/current-events/this-banking-officials-dire-warning-may-spark-a-rush-to-pull-out-money/
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Whistler Blowers, Insiders
NO!
Cyber-attacks would provide a really convenient cover for the banks to loot money from people. But in terms of this leading to a “rush to pull out money”, consider what has happened in Europe—particularly in countries like Greece—when there were bank-runs. The banks will merely limit the amount people are able to withdraw within a given time parameter, or simply shut down altogether by declaring a bank holiday, leaving everyone high-and-dry for as long as they see fit.
The internet is alive, crawling with web-bots and i am not sure if the web-bot traffic (excluding adverts and tracking by google) bandwidth is now greater than the real traffic if video streaming bandwidth is taken out of the equation.
My proxy server can only service about 20 requests a second, i know they are all bots because any real user would find a decent proxy server that does not keep being taken down for development every ten minuets or so but they keep coming back because these bots think its annomious (no Proxy-For) but it’s becomes a honey pot for these bots.
I can hardly beleive my own eyes in what i am seeing but the data does not lie.
Pull your money and you will have nothing. The FEDS tax it, the state will tax it, you will be left with nothing. For over 25 yrs I have heard , PULL YOUR MONEY NOW!
Pull what money out when most people owe the banks more than they have in credit.
We are so rich here in the UK that you have to give up your life and work like a slave just to buy a house on rented land thats owned by the government.
The bankers created the hosuing crisis by paying bribes to bent unelected little hitlers working for local councils to stop any new-build projects and that goes back to the days of Labour being in power.
What they have done is to kill Mr Jones (good job too) and are now left with a lot of people that the stick and carrot no longer works on so they have doubled up on what ever it is they are putting in the drinking water thats used to sedate people to stop them rising up
No one is talking about the Rothschilds banking system that has taken HUNDREDS OF TRILLIONS from the citizens of the nations in the world, by creating money out of thin air and charging interest on it.
As we speak the U.S. alone is over 18 trillion in debt, not to mention the commercial debt of communities and persons.
The cabal banksters thrive on debt. This is the largest Ponzi scheme in the entire world that is going on for at least two enturies.
These psychos won’t stop until they control every aspect of life itself on this (once?) beautiful planet.
http://www.age-end.com/Gen-CSS/Khazars%20and%20New%20World%20Order.htm
Hackers now have the ability to bring down an entire bank
I think it is a little bit to late and that story is nothing but BS.
The Bangsters have already brought down the banking system through Derivatives and are no looking to blame someone else.
How fuk d up is that. Funny actually and you expect people to believe the hacking BS.
Have you ever seen or heard of a hacker hacking the gold and silver industry?
Funny eh. Must be that there is nothing digital behind it.
Can you put a face on the boogie man they call a hacker?
NO.
Pretty good alibi if I may say so myself.
The bank was hacked and they took all the money and transferred to BFegypt.
The Criminal was a hacker. The boogieman. Case closed.
Meantime all the derivatives were flushed down the toilet by the hacker, the hacker realized that they were all worthless, just like all the banks.
How can you hack a vault full of gold and silver, You can if you do not have possession of the physical yourself.
would that be called a hacking theft.
It is very hard to hack 10 tons of weight without teleportation of some sort. What a concept.
Now you are actually pushing digital ahhh numbers? you are so full of scheisse.