Malaysia’scentralbanksaidonThursdayithadfoiledacyberattackinwhichfraudulentmessagestotransferfundsweresentontheSWIFTtransactionsplatform,thelatestinaseriesofele
India’scentralbankhastoldlenderstolinktheirinternalsoftwarewiththeSWIFTinterbankmessagingsystembytheendofApril,andtoalterarangeofotherprotocolswithimmediateeffe
A lawsuit by an Ecuadorean bank alleging that Wells Fargo & Co (WFC.N) is liable for authorizing the transfer of $12 million stolen in a 2015 cyber heist can go forward, a U.S. judge ruled on Tuesday.
SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase.
Officials of Bangladesh Bank may have been involved in a brazen theft of $81 million from its account with the New York Federal Reserve Bank in February, the head of a government-appointed panel investigating the cyber heist told reporters on Monday.
Hackers who stole $81 million from Bangladesh's central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cybersecurity company Symantec Corp (SYMC.O) said in a blog post.
Bangladesh's central bank became more vulnerable to hackers when technicians from SWIFT, the global financial network, connected a new bank transaction system to SWIFT messaging three months before a $81 million cyber heist, Bangladeshi police and a bank official alleged.
The Chinese yuan has overtaken the Canadian and Australian dollars since November 2014 to enter the top five world payments currencies, said SWIFT in a recent report.
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