Share Tweet Pocket Add to Bookmarks
You're reading: Hackers reportedly steal $10 million from a Ukrainian bank through SWIFT loophole
on social media

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.

Exclusive article

Sign up or subscribe to view more articles.
See All Plans
Monthly plan
Get unlimited article access, anytime, anywhere.

Yearly plan
Access all the exclusive content on and the complete online archive.

Add comment

Sorry, you must be logged in to post a comment.

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.

More in this section

Add a picture
Choose file
Add a quote

Are you sure you want to delete your comment?


Are you sure you want to delete all user's comments?


Are you sure you want to unapprove user's comment?


Are you sure you want to move to spam user's comment?


Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: