Bank Negara Malaysia said it had detected and foiled a cybersecurity breach involving attempted unauthorized fund transfers using falsified SWIFT messages. The bank said there were no financial loss because of the incident and there was no disruption in payment and settlement system. It said all unauthorized transactions were stopped through prompt action in strong collaboration with SWIFT, other central banks and financial institutions. It explained that fraudulent messages were sent to transfer funds on the SWIFT transactions platform. This is the second known attack of a central bank after the 2016 theft of US$81 million (S$106.2 million) from Bangladesh Bank.
