SWIFT to advise banks on security as Bangladesh hack details emerge

From: Reuters

The SWIFT messaging system plans to ask banks to make sure they are following recommended security practices following an unprecedented cyber attack on Bangladesh’s central bank that yielded $81 million, a spokeswoman for the group told Reuters on Sunday.

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Unknown hackers breached the computer systems of Bangladesh Bank and in early February attempted to steal $951 million from its account at the Federal Reserve Bank of New York, which it uses for international settlements. Some attempted transfers were blocked, but $81 million was transferred to accounts in the Philippines in one of the largest cyber heists in history.

 

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