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Bank Suspends Operations after Hackers Try to Steal US$14.6 mil

Malta's largest bank, Bank of Valetta (BOV) was forced to suspend all operations after hackers broke into its systems and transferred US$14.6 million overseas. BOV discovered 11 suspicious transactions during payment clearing, which routed funds to US, UK, Czech Republic, and Hong Kong. The bank suspended operations immediately as a precaution to prevent further losses and to investigate the incident. Customers' accounts were not affected in the incident and the bank would be seeking to reverse the fraudulent transactions.

[1] Cyber Attack on Malta Bank Tried to Transfer Cash Abroad

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