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Hackers Target Maltese Bank in €13m Cyber Heist

February 14, 2019 / Phil Muncaster

A leading Maltese bank is resuming its services today after shutting down operations following a major cyber-attack on Wednesday. The Bank of Valetta (BOV) said in a notice on Thursday morning that customers could once again use ATMs, online banking, mobile Banking and their BOV cards, although at the time of writing, payments to third parties were still suspended. This is following an attack which directed €13m ($14.7m, £11m) worth of fake payments from the bank to accounts in the UK, US, Hong Kong and the Czech Republic. In a statement to the island nation's parliament, Prime Minister Joseph Muscat reportedly saidthat the bank spotted something was amiss during reconciliation of international transfers at the start of business on Wednesday. A decision was taken within half an hour to shut all of the bank’s services, as word came in from abroad that it had been hit by a cyber-attack. The illegal transfers have been traced and are reportedly now being reversed.