Bank of Chile Suffers $10m Loss

Kacy Zurkus

Banco de Chile publicly disclosed on 28 May that it had detected a virus, presumably from international networks, that affected thousands of its workstations. Now the bank has learned that the cyber-attack was malware and resulted in attackers transferring approximately $10m via the bank’s SWIFT international money transfer systems.

Most of the money has been traced to locations in Hong Kong, and it is believed that a criminal group from Eastern Europe or Asia is responsible for the attack.

To read the entire article, please click here.