Taiwanese bank tracing lost funds after hacker attacks

Updated 2017-10-08 12:33:53 Xinhua

Police in Taiwan are taking measures to help a local bank trace lost funds due to hacker attacks, which might reduce the bank's losses to less than 500,000 U.S. dollars.

The Far Eastern International Bank reported its system was hacked earlier this week, with implanted malware affecting some of its personal computers, servers and the Society for Worldwide Interbank Financial Telecommunication's network.

Hackers were found to conduct virtual transactions to move funds to other destinations while no leaks of customer information were reported.

Taiwan's criminal investigation bureau said Saturday it had launched an investigation into the hacking incident and retrieved part of the lost funds thanks to the help of the International Criminal Police Organization.

Banks on the island are asked to tighten security control over telecommunications and transactions and an information security network for the financial sector is expected to be built by the end of this year, according to the island's top financial regulator.

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