Taiwan’s Far Eastern Int’l fined T$8 million over SWIFT hacking incident

TAIPEI (Reuters) – Taiwan’s financial regulator said on Tuesday it had fined Far Eastern International Bank 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.

Reporting By Emily Chan; Writing by Jess Macy Yu

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