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Foreigners charged over Taiwan bank cyber heist
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THREE foreigners have been charged in Taiwan over a US$2.6 million heist that used malware to hack into a local bank’s ATM network, prosecutors said yesterday, adding that they were seeking 12-year jail terms.
The cyber attack, the first of its kind in Taiwan, targeted the First Commercial Bank’s ATM network in July and saw money withdrawn from dozens of machines in three cities.
The suspects are alleged to have uncovered a loophole in a server at the bank’s London branch office and used it to plant the malware, according to the Taipei District Prosecutors Office.
“This is the first case of a multi-national crime ring hacking into a bank’s computer system to plant malware and steal a huge amount of money ... which seriously disrupted financial order and caused public panic,” the prosecutor’s office said in a statement.
The three have been charged with fraud and offenses related to computer security, the statement added.
It said 19 other suspects, including an Australian, a French national and an unknown number of eastern Europeans, had been added to the government’s wanted list after they fled Taiwan following the heist.
Surveillance images released by the bank showed masked robbers working in two-man teams targeting 41 ATMs in three cities from July 9 to 11. Within five to 10 minutes, the thieves were seen walking away with bags full of cash.
Taiwan’s police arrested the three foreigners in Taipei and northeastern Yilan county several days after the heist and recovered most of the stolen money.
Last month, Thai police said they believed a similar heist — where a gang of foreigners stole at least US$346,000 by hacking a Thai bank’s ATM network — was linked to the Taiwan raid.
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