Hackers target payment transfer system at Chile's biggest bank, 'take $10m'

Banco de Chile has become the latest victim in a string of cyber attacks targeting the payment transfer systems of banks. The country's largest bank was hit on 24 May and thousands of workstations hobbled. The ransomware attack was well documented locally and the bank has apologised for disruptions, which ran into days. …

[MiguelC]

Follow the money

Large transactions like that don't go undetected by intelligence agencies round the world and all transactions will ultimately be traced to their destination even if they go through multiple fiscal paradises.

But we, mere peons, will never know for sure who really did it or where the money went. The truth will only transpire if those in the know have some interest in spelling it out to the world, but even then we'll never know if it's true or false.

[MiguelC]

Re: Follow the money

For the thumbsdown people...

http://www.spiegel.de/international/world/how-the-nsa-spies-on-international-bank-transactions-a-922430.html

[Anonymous Coward]

Troj_killmbr.Ee technical analysis

Troj_killmbr.Ee technical analysis

[Sheepykins]

Scorchio...

[stickman]

SWIFT is dying

SWIFT service is woeful - slow, expensive and risky.

Thankfully it is losing market share to disruptors like Ripple. Soon we'll be able to send money in any denomination with no counterparty risk and almost no fee.

[Anonymous Coward]

Re: SWIFT is dying

SWIFT moves 6+ trillion dollars a day. Ripple maybe 0.0003 trillion and much of that is between different crypto currencies, which is the modern day equivalent of moving deckchairs around on Titanic.

Note however a Titanic deckchair recently sold for $100,000 When the current crop of crypto currencies sink they will go down without leaving a ripple behind.

[Anonymous Coward]

Saved by their goverments

They may be backed by goverments or a goverment. Means that the small fish may get caught, but bigger fish will get away. Also they may hide under the veil of hacking their own country to make it seem as if that country wasn't the one doing the hacking. Imagine a politician saying well why would we hack ourselves that's absurd. When in fact they did and they have that veil covering themselves further.