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You're reading: Hackers reportedly steal $10 million from a Ukrainian bank through SWIFT loophole
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The Kyiv branch of ISACA, the Information Systems Audit and Control Association, reported this week that the theft had occurred via the SWIFT international banking system, the organization responsible for managing money transfers between financial institutions worldwide.

ISACA announced the theft after members of its Kyiv chapter were hired through consulting organizations to investigate a hack at a Ukrainian bank. It did not name which bank had hired it to conduct the investigation.

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Interesting story about the vulnerabilities of banks and the financial industry... just curious... why was there never a cover story written on the theft of 10 Millions Dollars a year or so ago from Industrialbank which is headquartered in Zaporozhye? Also I heard that there was an inside connection (as is often the case even when its an internet hack) and the employee was found later dead in Russia. This theft received little media attention... why? 10 Million Bucks of other peoples money stolen right under the banks nose is allot of money and should have attracted allot of attention and scutiny to ensure I does not happen again.

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