Hacked: Hacking Finance

Hacked: Hacking Finance

TagInformation Security Forum


Is Swift Bank Network Losing War Against Cyber Attacks?

Posted on May 22nd, 2016.

Swift, a global money transfer network used by banks, has suffered gaps in security standards that have resulted in at least three breaches – in Vietnam, Bangladesh and Ecuador, according to The Wall Street Journal. The hackers were able to gain access to Swift access codes and deliver authenticated yet fraudulent fund transfer requests....