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Cyber Attack on Malta’s Bank of Valletta

Malta’s largest bank was the target of a cyber attack Wednesday, with hackers attempting to withdraw 13 million euros ($14.7 million), Prime Minister Joseph Muscat said.

Malta’s largest bank was the target of a cyber attack Wednesday, with hackers attempting to withdraw 13 million euros ($14.7 million), Prime Minister Joseph Muscat said.

The Bank of Valletta, in which the government is the largest shareholder, shut down its systems, closing branches and ATMs, and suspending mobile and Internet banking and internal email. Its website also went offline.

Customer accounts were “in no way impacted or compromised” and normal services would resume as soon as possible, the bank said.

Hackers attempted to transfer funds to banks in the Czech Republic, Hong Kong, Britain, and the US, Muscat told parliament.

The transactions had been traced and were “being reversed”, he said.

Related: Top Dutch Banks, Revenue Service Hit by Cyber Attacks

Related: North Korea-linked Hackers Stole $13.5 Million From Cosmos Bank

Related: Millions Stolen From Russian, Indian Banks in SWIFT Attacks

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Related: North Korean Attacks on Banks Attributed to ‘APT38’ Group

Written By

AFP 2023

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