SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is the messaging system banks use across the world to send each other messages. These messages contain transfers of money, securities and instructions on what to do with them. It is being reported everywhere that its servers at the Federal Reserve Bank of New York was breached and a number of accounts have been touched. The current estimate is that the cybercriminals got away with $81 Million from Bangladeshi account at the FRB.
Here’s are the latest:
- Thieves ‘Hack’ SWIFT Global Bank Network
- Bangladesh Bank Hackers Created Malware to Target the Global SWIFT Payment System
- Security experts say Bangladesh Bank heist gang could strike again
- Cyber Fraud Incidents Go Beyond Bangladesh Bank Hack
- Bangladesh Bank attackers used custom maleware that hijacked SWIFT software
- SWIFT bank network says aware of multiple cyber fraud incidents
Marcus Maltempo is a Certified Anti-Money Laundering Specialist and a Certified Fraud Examiner with more than a decade of experience helping banks, law firms and clients manage investigations and regulatory responses.