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Panicking SWIFT Urges Banks to Report Cyber Heists

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Panicking SWIFT Urges Banks to Report Cyber Heists

Introduction

This article was posted on Friday, 19:15, UTC.

A third case a SWIFT member bank in Ecuador revealed to be a victim of a cyber heist at a time when details of the Bangladesh Bank heist are still scarce brings focus to the state of cybersecurity of the world’s go-to banking system. The $81 million Bangladesh Bank cyber heist from February made global headlines. A SWIFT advisory from the last fortnight revealed the second known case of a member bank falling victim to a heist that further underlined the dire state of cybersecurity measures enforced at global banks. Now, a third case reveals that Banco del Austro (BDA)…

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Samburaj Das

Samburaj Das

Samburaj is the contributing editor at Hacked and keeps tabs on science, technology and cyber security.

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