Banks’ native clearing home suffers malware assault

Banks’ local clearing house suffers malware attack

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ACH Cayman Limited, the company that manages electronic bank transfers between seven local banks, has announced the discovery of malware on the Cayman server of a third-party services provider.

This third-party processor provides clearing settlement services for domestic electronic funds transfers and cheques between the participating banks.

The company said the malware attack was limited to the service provider’s server and no customer data had been affected.

“At this stage there is no evidence that any ACH bank system has been impacted,” the company said in a statement.

ACH was set up by Cayman National, RBC Royal Bank, Butterfield, Fidelity, FirstCaribbean and Scotiabank.

Malware is a generic term for malicious software that harmfully probes computer systems by attempting to steal, encrypt or hijack computer functions.

The company said the malware had been quarantined and removed from the affected Cayman server.

ACH has appointed specialist forensic IT security consultants to…

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