Ecuadorian bank suffers the theft of $ 12M through the SWIFT system

Banco del Austro (BDA) from Ecuador has suffered a robbery in which SWIFT (Society for Worldwide Interbank Financial Telecommunication) has been used as a method to transfer money to other banks. As in the case 81 million dollar heist from the Central Bank of Bangladesh, the modus operandi is to compromise the bank's computer systems, access to SWIFT messaging network and make fraudulent transfers to other banks. In this case the stolen amount is 12 million.