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Hackers steal from Taiwan's Far Eastern International Bank

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Hackers steal from Taiwan's Far Eastern International Bank

Taiwan's Premier Lai Ching-te instructed relevant government agencies to look into the hacking incident at Far Eastern International Bank Ltd., Taiwan's Central News Agency reported Oct. 7.

The bank had reported lost funds of less than US$500,000 after hackers infected the bank's computer systems with malware, and used it to transfer nearly US$60 million from customers' accounts to foreign destinations. The bank was able to trace back the lost funds but is still missing less than US$500,000.

The bank reported the hacking incident on Oct. 6 to the Financial Supervisory Commission, or FSC. Taiwan's Criminal Investigation Bureau also said it launched an investigation into the hacking incident.

The bank assured the public that the hacking did not lead to any leaks of customer information.

The FSC said the incident was an isolated case. The regulator also said the bank will have to shoulder the possible losses from the hacking, and asked other banks in Taiwan to tighten their controls on transactions.

Meanwhile, the premier instructed relevant agencies to tighten information security by closing loopholes and told the government to learn from the case, according to a cabinet spokesman.