Turkey’s Akbank to face up to £4 million liability after suffering a cyber attack


One of Turkey’s largest banks could be liable for up to £4 million after suffering a cyber attack on the SWIFT global money transfer system, Reuters just reported.

Despite the potential liability, Akbank insists that no customer information was compromised, although it is unclear exactly whether any funds were stolen.

Banks connected to Swift’s system are being frequently targeted by hackers, following the theft of $81 million from the Bangladesh central bank.

In an emailed statement, Akbank disclosed that the breach took place on December 8th and that it had taken immediate steps to secure its systems.

This has no impact on Akbank’s operations or financials,” said a bank speaker, adding that any potential losses would be covered by insurance.

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Turkey's Akbank to face up to £4 million liability after suffering a cyber attack

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