Three banks in Mexico become Cyber Attack targets


Hackers tried to target three of the largest banks operating in Mexico forcing the officials of the said financial institutions to launch contingency plans. According to a source from Banco De Mexico, the attack could have disrupted the central electronic payments systems resulting in a delay in money transfers and siphoning of funds from accounts.

Grupo Financiero Banorte publicly announced that it was one of the targets of the attack as the cyber crooks tried to penetrate into the bank’s intermediary process of the system it uses to connect to the Central Banks’s money transfer network. But fortunately, the network admins were alerted in time by the automated software of advanced threat detection system which averted a big security incident from taking place.

The other two banks which were targeted did not show interest in publicizing the issue as they were worried about the bank’s image being tarnished due to the security incident.
However, readers of the cybersecurity Insiders have notified a fact that the assault came less than four months after hackers tried to steal money from Bancomext, causing the country’s largest money lender to suspend operations for a couple of days.

Nowadays Banks, healthcare organizations, and educational institutions are becoming soft targets for hackers. Under these circumstances, it becomes the duty of the public and private entities to secure their IT assets from cyber attacks with proper threat detection tools.

It’s better if the business firms start following proactive security measures rather than just being reactive.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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