The financial industry has used a messaging system made by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to securely authenticate transfers between banks for decades. But recent fraudulent money requests have broken the syst...
NY Fed rejected, then later approved $81 million bank heist
The financial industry has used a messaging system made by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to securely authenticate transfers between banks for decades. But recent fraudulent money requests have broken the syst...
Thieves who stole $81 million from the Bangladesh Bank may have been aided by a security flaw in the SWIFT international banking network, according to Reuters. Security researchers from BAE found malware designed to help thieves delete transfer infor...
Earlier this month, hackers attempting to steal $850 million from Bangladesh Bank managed to only get away with $80 million. After an investigation into the breach, authorities determined that the culprits gained access thanks to $10 second-hand swit...