SWIFT discloses more cyberthefts, pressures banks on security

Business / Tech Aug 31, 2016

SWIFT discloses more cyberthefts, pressures banks on security

SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its members' banks as it pressured them to comply with security procedures instituted after February's high-profile $81 million heist at Bangladesh Bank. In a private letter to clients, SWIFT said new cybertheft ...

Vietnam bank thwarts attempted heist through SWIFT system

Business May 16, 2016

Vietnam bank thwarts attempted heist through SWIFT system

Vietnam's Tien Phong Bank said that it interrupted an attempted wire fraud that involved the use of fraudulent SWIFT messages, the same technique at the heart of February's massive theft from the Bangladesh central bank. Hanoi-based TPBank said in a statement late on Sunday in ...