Saturday, April 1, 2023

Logo Central America Link

Mexican bank hack led to large cash withdrawals

Monday, May 14, 2018

Several Mexican banks experienced large cash withdrawals in recent weeks after possible cyber attackers infiltrated some financial institutions, triggering unauthorized money transfers.

The central bank said it has zeroed in on five financial institutions whose external connection was compromised. The vulnerability let money be illegally siphoned from “fake accounts” and led to several large cash withdrawals from other banks.

Source: Bloomberg