Taiwan's Far Eastern Int'l fined T$8 million over SWIFT hacking incident

Reuters News
Posted: Dec 12, 2017 4:27 AM

TAIPEI (Reuters) - Taiwan's financial regulator said on Tuesday it had fined Far Eastern International Bank T$8 million ($266,524) due to deficiencies related to its SWIFT system hacking incident.

In October, Taiwan local media reported that hackers sought to steal some $60 million from Far Eastern Bank, and all but $500,000 had been recovered by the bank.

Also in October, a cyber-security firm, BAE Systems Plc, said that a North Korean hacking group was likely responsible for a recent cyber heist in Taiwan.

(Reporting By Emily Chan; Writing by Jess Macy Yu)