Malaysian central bank foils attempted Swift heist

Malaysian central bank foils attempted Swift heist

Malaysia's central bank says it detected and foiled a cybersecurity attack that attempted to send unauthorised funds transfers using falsified Swift messages.

The Bank moved to reassure the public that it did not experience any financial loss and that all unauthorised transactions were stopped through "prompt action in strong collaboration with Swift, other central banks and financial institutions".

The central bank adds that it is presently conducting a comprehensive investigation in collaboration with local and international law enforcement agencies to try to track down the culprits.

"The Bank is pleased to note that to-date all risk control measures in place are effective to curtail this incident," it says in a statement. "However, the Bank has taken additional safeguards to protect its stakeholders. The Bank will also remain on high alert and always be on a state of readiness as future incidents will likely involve a higher degree of sophistication and design."

No further details about the nature of the attack and the size of the attempted fraud were released.

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