swift

SWIFT planning launch of new central bank digital currency platform in 12-24 months

The move is likely to be fine-tuned to when the first major ones are launched

Rooppur Project: Russia proposes payment in rouble

Russia has proposed a direct payment system bypassing the global standard SWIFT to settle the dues for Rooppur nuclear power plant as the Soviet nation looks to navigate the sanctions from the West following the Ukraine war.

Malaysia’s central bank foils unauthorised fund transfer attempts

Malaysia’s central bank says it detected and foiled an attempted cyber attack and efforts to transfer funds without authorisation using falsified SWIFT messages.

Russia’s Globex bank says hackers targeted its SWIFT computers

Hackers tried to steal 55 million roubles ($940,000) from Russian state bank Globex using the SWIFT international payments messaging system, the bank said on Thursday, the latest in a string of attempted cyber heists that use fraudulent wire-transfer requests.

SWIFT warns banks on cyber heists as hack sophistication grows

SWIFT, the global messaging system used to move trillions of dollars each day, warns banks that the threat of digital heists is on the rise as hackers use increasingly sophisticated tools and techniques to launch new attacks.

Could enable fraud like seen at Bangladesh Bank: Cybersecurity expert

Hackers release documents and files that cybersecurity experts indicated the US National Security Agency had accessed the SWIFT interbank messaging system, allowing it to monitor money flows among some Middle Eastern and Latin American banks.

No plans to sue Fed, SWIFT, says Bangladesh Bank

Bangladesh's central bank says it has reversed its plans to sue the Federal Reserve Bank of New York and the SWIFT money transfer network, and instead intends to seek their help recovering $81 million stolen by cyber thieves in February.

Hackers steal $10m from Ukraine bank

Hackers have stolen $10 million from an unnamed Ukrainian bank, according to an independent IT monitoring organisation.

SWIFT fights to restore faith after BB heist

The chief executive of secure messaging system SWIFT says the theft of $81 million from Bangladesh's central bank, by criminals sending fraudulent payment instructions via SWIFT, would force the organisation to shrink and review its strategy.

May 24, 2016
May 24, 2016

SWIFT to unveil new security plan after BB heist

The SWIFT secure messaging service that underpins international banking says it is planning to launch a new security programme as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist.

May 20, 2016
May 20, 2016

Cyber thieves exploit banks' faith in SWIFT transfer network

SWIFT has no rule specifically requiring client banks to report hacking thefts but says it requires customer to notify SWIFT of problems that can affect the "confidentiality, integrity, or availability of SWIFT service."

May 16, 2016
May 16, 2016

'SWIFT is responsible for Bangladesh Bank heist'

A government committee probing the Bangladesh Bank heist has held SWIFT responsible for weakening the payment system which allowed cyber thieves to steal $81 million from the central bank's account with the New York Fed.

May 13, 2016
May 13, 2016

SWIFT says second bank hit by malware attack

SWIFT, the global financial messaging network that banks use to move billions of dollars every day, warns on Thursday of a second malware attack similar to the one that led to February's $81 million cyberheist at the Bangladesh central bank.

May 12, 2016
May 12, 2016

BB heist: Banks responsible for own cyber security, says SWIFT

SWIFT told its bank customers that they are responsible for securing computers used to send messages over its global network, which was used to steal some $81 million from a Bangladesh central bank account at the New York Fed in February.

May 10, 2016
May 10, 2016

SWIFT rejects Bangladeshi claims over $81m cyber heist

SWIFT on Monday rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation's central bank more vulnerable to hacking before an $81 million cyber heist in February.

May 10, 2016
May 10, 2016

SWIFT rejects Bangladeshi claims over $81m cyber heist

SWIFT on Monday rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation's central bank more vulnerable to hacking before an $81 million cyber heist in February.

May 9, 2016
May 9, 2016

'SWIFT technicians left BB vulnerable to hackers'

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 allege.

April 25, 2016
April 25, 2016

BB heist: Attackers ‘hacked SWIFT software’

The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, say security researchers.

April 22, 2016
April 22, 2016

Bangladesh Bank exposed to hackers by cheap switches, no firewall: cops

Bangladesh's central bank was vulnerable to hackers because it did not have a firewall and used second-hand, $10 switches to network computers connected to the SWIFT global payment network, an investigator into one of the world's biggest cyber heists says.

push notification
X