Saturday, 15 April 2017

U.S.A. "Injects" itself in the World Network of Banks

The Shadow Brokers, a group of hackers, known for releasing a malware used by the National Security Agency, (NSA) of the United States has struck yet again.

This time they have released a set of digital tools also referred to as "exploits", alleged to have been created by the NSA along with documents that suggest a breach into the SWIFT global banking system.

The SWIFT (Society for Worldwide Inter-bank Financial Telecommunication) is a network that facilitates banks to carry out financial transactions, the world over in trillions of dollars every day and also serves as an inter-bank messaging medium. Smaller banks of the SWIFT network make use of service bureaus to handle monetary transfers in their stead. The documents that had been leaked imply that one such bureau has been penetrated. The exploits also include the "Zero Day", a vulnerability in Windows that was discovered quite recently.  One researcher looking in to matter said"The exploits released could be worth about $2M on the black market"

The documents that surfaced on the web, directly suggest that the NSA has been snooping on the financial management of SWIFT, especially details linked to certain Middle Eastern and some Latin American countries.

Edward Snowden took to Twitter to tweet "Mother of All Exploits", clear a reference to the bomb, the US military dropped in Afghanistan.

This could be the biggest scandal to hit the NSA (that we know of), since Snowden exposed them back in 2013.

In response, SWIFT said " We have no evidence to support any unauthorised breach into our network or messaging services".

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