• Tuesday, September 27, 2022

BANGLADESH

SWIFT says bank hacks intensifying

By: Admin Super

SWIFT, the system banks use to send payment instructions worth trillions of dollars each day, was hacked at least three times over the summer and cyber attacks on banks are set to intensify, the cooperative said on Monday (September 26). The theft of $81 million in February from Bangladesh’s central bank using SWIFT messages rocked faith in the system whose messages had, until then, been accepted at face value. SWIFT chief executive Gottfried Leibbrandt told the Sibos conference in Geneva that hackers successfully breached the systems of two banks over the summer and a third bank repelled an attack before…

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