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Panicking SWIFT Urges Banks to Report Cyber Heists

Posted on May 20th, 2016.

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...

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