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(CNS): ACH (Cayman) Limited (ACH), which was created by the local high street banks, has been hacked, according to officials from the Cayman Islands Bankers Association, who said malware was detected on the Cayman server. A statement released by CIBA said they were alerted to the appearance of malware in the third party processor on 21 May, more than two weeks ago. This is the server that provides clearing settlement services for domestic electronic fund transfers and cheques among all of the ACH banks. CIBA said there was no evidence yet that any of these banks’ systems have been impacted.
While no details have been revealed about how the malware was detected or if any ransom has been demanded, speaking on behalf of the clearing house, CIBA said the malware had been quarantined and removed from the affected Cayman server. In addition, fraud and security monitoring has been increased across all systems and a specialist forensic IT security consultants have been…
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