Monthly Archives

May 2016

81M USD missing via SWIFT: How banks can protect payment networks against cybersecurity attacks

This article first appeared in Finextra, 3rd May 2016.

SWIFT, the global messaging network used by banks to send payment instructions, was forced to warn its customers last week that “a number of recent cyber incidents” had taken place on its system involving fraudulent messages sent by cyber thieves.  This was prompted by investigations into a cyber attack on the Central Bank of…

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