Tandon in the News

Banks on Edge After Spate of Spectacular Cyber Heists

Cybersecurity specialists say recent attacks on Bangladesh, Vietnam and Ecuador are probably just the tip of the iceberg


A series of spectacular cyber attacks against banks, resulting in the theft of tens of millions of dollars, has heightened fears for an industry becoming an increasingly attractive target for hackers.

Banks in Bangladesh, the Philippines, Vietnam and Ecuador have been targeted over the past year in the attacks on the global interbank service known as SWIFT, and some analysts expect more attacks to be revealed....

...Dan Guido, co-founder of the security firm Trail of Bits and hacker-in-residence at New York University’s engineering school, said the recent security breaches are not surprising.

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