Vietnam’s TPBank thwarted $1m cyber heist similar to Bangladesh Bank attack

A bank in Vietnam successfully managed to thwart an attempt made by hackers to pull-off a cyber heist similar to the one on Bangladesh Bank in February. The Tien Phong Bank in Hanoi said on 15 May that the cyberattack targeted a vendor that the bank had previously used to connect to Swift’s systems, which the bank has since stopped using.

According to reports, the TPBank had identified a suspicious request made via Swift’s messaging system and subsequently contacted all parties involved to stop the transfer of the funds in the fourth quarter of 2015.