Ecuadorian bank cyber thieves used HSBC accounts in Hong Kong

clock • 2 min read

Question marks over HSBC's 'know your customer' processes as lawsuit shows how thieves used front companies in Hong Kong to launder money stolen in SWIFT cyber attack

Cyber thieves who stole $12m from a bank in Ecuador by cracking the security surrounding its SWIFT international payments system used front companies in Hong Kong with accounts with HSBC to help la...

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