Tech
Powered by cricketnext logo
»
1-min read

After $10 Million Bank Heist, Chile Looks For Cyber Security Advice

"We will review best practices in cybersecurity to prevent and respond to these attacks."

Reuters

Updated:June 13, 2018, 1:06 PM IST
facebookTwittergoogleskypewhatsapp
After $10 Million Bank Heist, Chile Looks For Cyber Security Advice
(Representative image: Reuters)
Loading...
Chile's government and financial institutions will seek advice on cybersecurity practices from an unnamed international organization after hackers robbed $10 million from the country's second-largest commercial bank, its finance minister said on Tuesday.

Banco de Chile suffered a cyber heist on May 24, with most of the funds ending up in Hong Kong, the bank's chief executive Eduardo Ebensperger said over the weekend. The hackers initially used a virus as a distraction, prompting the bank to shut 9,000 computers in branches across the country to protect customer accounts.

"We will review best practices in cybersecurity to prevent and respond to these attacks," finance minister Felipe Larrain said in a statement.

Authorities also called on Congress to pass a new bank regulation that would require more funds to cover operational risks, including those related to cybersecurity.

Watch: Oppo F7 Camera Review: One for the Selfie lovers


 
| Edited by: Sarthak Dogra
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results