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Weekly Report - 17 May 2018 (WR-18-19)

TRACKING TRENDS

MEXICO | Banking system under attack. Mexico’s central bank (Banxico) confirmed this week that the interruptions in online banking transactions experienced between 27 and 30 April, were in fact caused by a cyberattack targeting the country’s inter-bank electronic payment system (Spei). According to Banxico, the attack, in which hackers managed to steal some M$300m (US$15m) by transferring money held by some local private banks to fake bank accounts, affected Citibanamex, Banorte and Banjército, all of which reported problems in connecting to the Spei. Meanwhile the Mexican government’s financial protection agency, the Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros (Condusef), received 60 complaints from the public about problems encountered when trying to make online bank transfers on 30 April.

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