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News Mexican Banks Targeted in Mass Cash Theft
A couple days back, five banks in Mexico reported suspicious wire transfers and cash withdrawals. It was only after an investigation that it was reported by The Daily Newspaper El Financiero, that over 400 million pesos had been stolen. Upon examining the evidence, it was found that the hackers had made fake accounts and transferred the money to those account and then withdrew it. it is not known whether any form of malicious code was used to breach or manipulate the system.

The banks that were compromised range from the initial five, but there are others beside those that may have also been breached, among those are Grupo Financiero Banorte, Banco del Bajio SA and Banco del Ejercito respectively.

This is among a recent series of monetary thefts via the electronic stream in recent days, once again bringing up the need for stronger defenses and a more diligent cyber-security-community.

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The conflict will never end between attackers and defenders.

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