• Home
  • About Off The Grid
  • Advertise
  • Contact Us
Thursday, June 12, 2025
  • How-To
  • Grid Threats
  • Survival
  • Gardening
  • Food
  • Worldview
  • Health
  • Privacy
  • Hunting
  • Defense
  • Financial
  • News
  • Misc
No Result
View All Result
  • How-To
  • Grid Threats
  • Survival
  • Gardening
  • Food
  • Worldview
  • Health
  • Privacy
  • Hunting
  • Defense
  • Financial
  • News
  • Misc
No Result
View All Result
Off The Grid News
Home Current Events

This Banking Official’s Dire Warning May Spark A Rush To Pull Out Money

by Off The Grid News Staff
in Current Events
Print Print
This Banking Official's Dire Warning May Spark A Rush To Pull Out Money
Share on FacebookShare on XShare on TruthEmail Article

This Banking Official's Dire Warning May Spark A Rush To Pull Out Money

Hackers now have the ability to bring down an entire bank by cyberattack, one of the world’s top banking officials is warning.

Gottfried Leibbrandt, the CEO of SWIFT (Society for Worldwide Interbank Financial Telecommunication), said major cyberattacks on banks in three different countries in the past year demonstrated that hackers now have the ability to completely wipe out a major financial institution. SWIFT is a money transfer network for the world’s banks.

“The banks were compromised, credentials to payment generation systems were obtained to send fraudulent payments, and the statements/confirmations from their counterparties were obfuscated,” Leibbrandt revealed at a conference in Brussels.

Get Out Of The Rat-Race And Make Money Off-Grid!

SWIFT previously had warned that the attacks are “part of a wider and highly adaptive campaign.”

Three attacks have him concerned:

  • The February 1, 2016, theft of $101 million from the national bank in Bangladesh. Experts are particularly worried about this attack because the crooks were able to transfer the money out of the Bangladesh bank’s accounts at the New York Federal Reserve.
  • The January 1, 2015, theft of $12 million from Banco del Austro SA in Ecuador. In a lawsuit against one of America’s largest banks, Wells Fargo & Company, Banco del Austro alleged that crooks got the SWIFT codes from Wells Fargo that allowed them to make the transfer.
  • The 2015 theft of 1 million euros ($1.1 million) from TPBank in Vietnam. The money was taken through a fraudulent money transfer and it nearly caused the bank to collapse, Bloomberg.

“In the recent cases, thieves were able to move just some of those banks’ overseas assets,” Leibbrandt said. “As a result, for the banks concerned, the events haven’t been existential. The point is that they could have been.”

Officials are concerned because thieves were easily able to circumvent bank security and infect computers with malware, and then transfer money out of accounts, CNN reported.

Since SWIFT connects almost any bank in the world, hackers can use it to send money almost anywhere.

“The financial industry, as a community, has to be clear that cyber risk is big; there will be more cyber attacks. And inevitably some will be successful,” he said.

What is your reaction? Do you think America’s banks are safe? Share your thoughts in the section below:

More Than 90 Percent Of Customers Won’t Get Their Money When There’s A “Run On The Banks.” Read More Here.

ShareTweetShareSend

Related Posts

Tulsi Gabbard’s Latest ‘Nuclear Winter’ Alarm and the Gathering Storm

Tulsi Gabbard’s Latest ‘Nuclear Winter’ Alarm and the Gathering Storm

by Bill Heid

Brace for the Massive Event? I have to admit that this whole thing seems a bit odd. Is this a...

Rage for Rent: In The Great Los Angeles Riot Market

Rage for Rent: In The Great Los Angeles Riot Market

by Bill Heid

Blood Money on Craigslist? I saw the ad sometime after midnight—half-asleep, half-mad. On a tip from X, I began scrolling...

Is The Housing Market On The Verge Of Panic?

Is The Housing Market On The Verge Of Panic?

by Bill Heid

A Surplus of Sellers, a Shortage of Buyers The U.S. housing market is showing signs of imbalance, and not in...

Next Post
Junk The Water Hose For A Simple $35 DIY Rainwater Irrigation System

Junk The Water Hose For A Simple $35 DIY Rainwater Irrigation System

Please login to join discussion

YOU MAY ALSO LIKE

‘McCarthyism’ Reconsidered: The Real Truth About Joseph McCarthy And His Tireless Campaign Against International Communism

‘McCarthyism’ Reconsidered: The Real Truth About Joseph McCarthy And His Tireless Campaign Against International Communism

Rediscovering Belgian Lace

Rediscovering Belgian Lace

Easy Ways To Make Extra Money From Your Homestead

Easy Ways To Make Extra Money From Your Homestead

TRENDING STORIES

  • bubonic plague

    Is Another Bubonic Plague Pandemic On The Horizon?

    0 shares
    Share 0 Tweet 0
  • Waco Fertilizer Plant Explosion & A Look Back On The “Waco Massacre”

    0 shares
    Share 0 Tweet 0
  • Make Yourself 3 Times More Likely To Survive A Heart Attack

    0 shares
    Share 0 Tweet 0
  • AI Surveillance Of Shoppers: Walmart’s Newest Tool To Grab Your Data

    0 shares
    Share 0 Tweet 0
  • ‘Apocalyptic’ Microchip Implants Are Here – And Being Inserted Into People’s Hands

    0 shares
    Share 0 Tweet 0

Subscribe to our Insider Newsletter

Huge discounts on off-the-grid gear and life saving supplements.






‘Off The Grid News’ is an independent, weekly email newsletter and website that is crammed full of practical information on living and surviving off the grid. Advice you’ll never hear from the mainstream media.

  • How-To
  • Grid Threats
  • Extreme Survival
  • Survival Gardening
  • Off-Grid Foods
  • Worldview
  • Natural Health
  • Survival Hunting
  • Privacy
  • Financial
  • Current Events
  • Self Defense
  • Home Defense
  • Pain-Free Living
  • Miscellaneous
  • Off Grid Videos

© Copyright 2025 Off The Grid News.  All Rights Reserved.

Privacy Policy   Terms & Conditions
No Result
View All Result
  • How-To
  • Grid Threats
  • Survival
  • Gardening
  • Food
  • Worldview
  • Health
  • Privacy
  • Hunting
  • Defense
  • Financial
  • News
  • Misc
  • Videos

© Copyright 2025 Off The Grid News.  All Rights Reserved.