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Cybercrime

Hackers pilfered $6M from Russian central bank via SWIFT system

Hackers nicked $6 million from the Russian central bank last year via the SWIFT messaging system, according to report from the bank. “The volume of unsanctioned operations as a result of [a single successful attack] amounted to 339.5 million roubles,” the bank said. Hackers gained control of one of the bank’s computers and used the…
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Security News

Bangladesh banking hack due to SWIFT vulnerability

A report from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) indicates the group was aware that malware was targeting its system when $81 million was stolen from a Bangladesh bank in March.
In Depth

SWIFT demands action from members as threat of cyberheists looms large

Under siege from hackers looking to steal hundreds of millions from its user base, the financial messaging services provider known as SWIFT has been pressuring, cajoling and even threatening its member banks to deploy better defenses and share cyber intelligence. With a corporate customer base that includes banks in developing countries with inferior cyber defense…
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