Hackers steal $12 million from Ecuadorian bank via SWIFT
Earlier this week reports showed another round of SWIFT-related cyber heists, this time targeting banks in Ecuador. This time, hackers steal $12 million from Ecuadorian bank via SWIFT again. A new report in Reuters sheds light on what actually happened to the high-tech thieves’ $12-million loot. Apparently, they moved $9 million to 23 banks in Hong Kong and $3 million to Dubai and other parts of the world. Wells Fargo transfered sums with the total value of $9 million to the accounts of four companies at HSBC and Hang Seng Bank based on authenticated SWIFT transactions. The hackers then distributed the money to what are believed to be phoney business accounts.