Russian President Vladimir V. Putin’s bloody invasion of Ukraine has caused the expulsion of key Russian banks from SWIFT, spurred multiple economic sanctions, and increased the chances that Russian hackers will retaliate via attacks upon financial services organizations. In response to Russia’s aggression, President Biden, European leaders, and Japan have imposed a series of global economic sanctions that… Read More >>
DTCC Launches Repo Markets Service & Other News
DTCC Treasury Kinetics Takes On Repo Market Transparency Post-trade infrastructure and systems provider DTCC is launching a service for accessing U.S. treasury transaction data, called DTCC Treasury Kinetics, which is intended to increase transparency into the repurchase agreement (repo) market, officials say. The DTCC Treasury Kinetics was crafted to deliver “comprehensive views of the repo markets… Read More >>
NYDFS Issues Cyber Alert About Microsoft Exchange
Hackers Are Exploiting Microsoft Exchange Weaknesses Following media reports of cybersecurity vulnerabilities via the popular Microsoft Exchange Server, the New York State Department of Financial Services (NYDFS) has issued a letter to the financial services industry that “urges all regulated entities with vulnerable Microsoft Exchange services to act immediately.” The letter from the Cybersecurity… Read More >>
The Bangladesh Bank Hacking Case Remains Unsolved
The SWIFT financial messaging cooperative, the Federal Reserve Bank of New York and Bangladesh Bank quietly issued a statement this week revealing that they are still trying to resolve “the cyber fraud event that occurred in February 2016.” I found the cryptic communique (apparently written by Mohua Mohosin, deputy general manager, Bangladesh Bank) as I was… Read More >>
SWIFT Confirms Ongoing Cyber-Attacks Upon Clients
SWIFT officials confirm that they have uncovered new cases of “input fraud” via hackers attempting to harm member/customers of the financial messaging and services cooperative. The cooperative has not revealed the identity of the financial services firms that were most recently harmed or the amounts of money involved. In response to questions from FTF News,… Read More >>
Hackers Collective Declares Cyber War on Financial Services
A collective of hackers known as “Anonymous,” has declared a 30-day war on “all central banks” across the globe, the Nasdaq stock market, the Bank for International Settlements, the International Monetary Fund, the London Stock Exchange, and major outlets for consumer-oriented financial services. The hackers have claimed their first victim, the Central Bank of Greece,… Read More >>
Should the Victims of Hackers Speak Out?
The shocking story that seven hackers in Iran with the help of their government could launch cyber-attacks against 46 U.S. financial services firms and two exchanges got about 30 seconds of attention in the U.S. media, overshadowed by the idiocy of the U.S. presidential campaign, and then justifiably by the heartbreak of recent terrorist attacks… Read More >>
U.S. Fights Back Against Iranian Hackers
The threat of cyberattacks was prominent again in the news last week as the Department of Justice via the U.S. Attorney’s Office for the Southern District of New York unsealed grand jury indictments against seven hackers based in Iran charged with running coordinated cyber-attacks on U.S. financial services firms and securities exchanges. In fact, Justice… Read More >>
