comScore
Active Stocks
Fri Dec 08 2023 15:59:53
  1. Tata Steel share price
  2. 129.2 -0.62%
  1. HDFC Bank share price
  2. 1,653.1 1.38%
  1. State Bank Of India share price
  2. 614 0.35%
  1. NTPC share price
  2. 285.25 0.42%
  1. ITC share price
  2. 449.15 -1.95%
Business News/ News / World/  Saudi central bank systems said to be struck by Iran malware
Back Back

Saudi central bank systems said to be struck by Iran malware

State-sponsored hackers who unleashed digital bomb in key parts of Saudi Arabia's computer networks said to have damaged systems at Saudi Arabian Monetary Agency

The Saudi Arabian Monetary Agency would be at least the second central bank to suffer a major digital attack in the past year.Premium
The Saudi Arabian Monetary Agency would be at least the second central bank to suffer a major digital attack in the past year.

Washington: State-sponsored hackers who unleashed a digital bomb in key parts of Saudi Arabia’s computer networks over the last two weeks damaged systems at the country’s central bank, known as the Saudi Arabian Monetary Agency, according to two people briefed on an ongoing investigation of the breach.

The attacks, which afflicted at least six government entities, used a computer-killing malware known as Shamoon that is linked to Iran, they said. Hitting the targets had the potential to inflict damage across several critical sectors, including finance and transportation.

The investigation is still in its early stages and the determination of responsibility could change, the two people said. The number of entities where damage occurred is likely to grow as the probe continues, a third said.

Iranian officials didn’t respond to repeated requests for comment on the attack. Calls placed to the Saudi Interior Ministry about the targeting of the country’s central bank weren’t returned.

This would be at least the second central bank to suffer a major digital attack in the past year. In February, hackers stole $81 million by manipulating the international payment system at the central bank in Bangladesh.

Along with the General Authority of Civil Aviation, which runs the country’s airports, the hackers also hit the Ministry of Transportation, which oversees the kingdom’s road network, one of the people said.

The central bank is a most sensitive of the target. It manages the kingdom’s foreign-exchange reserves, supervises commercial banks, and runs the country’s electronic-payments system.

It’s unclear what part of the central bank’s information systems were damaged in the attack. There haven’t been reports of outages in the electronic-payments system or other parts of the banking sector.

The malware, which overwrites the master boot record of a computer, rendering it inoperable, has already destroyed thousands of computers across multiple government agencies, two people familiar with the probe said. Bloomberg

Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 03 Dec 2016, 12:50 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App