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Vietnamese Bank Blocks $1 Million SWIFT Heist

May 17, 2016May 17, 2016 Amy Bucklin

A statement by Tien Phong Commercial Joint Stock Bank indicates the bank thwarted an attempt to transfer $1.36 million via a malware attack.  The fraudsters attempted to transfer the funds via the interbank SWIFT messaging system, which is used by 11,000 banks worldwide.

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