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

Far Eastern International Bank

12/12/2017 08:59

TAIPEI, Dec 12 (Reuters) - Taiwan's financial regulator said 
on Tuesday it had fined Far Eastern International Bank  2845.TW  
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.  
($1 = 30.0160 Taiwan dollars) 
 
 (Reporting By Emily Chan; Writing by Jess Macy Yu) 
 ((annemarie.roantree@thomsonreuters.com; +852 97387151; Reuters 
Messaging: annemarie.roantree.thomsonreuters.com@reuters.net)) 
 
Keywords: FAR EASTERN FINE/