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Domain: swift.com
Stories and comments across the archive that link to swift.com.
Stories · 2
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Second Bank Hit By 'Sophisticated' Malware Attack, Says Swift (theguardian.com)
An anonymous reader cites an article on The Guardian: Swift, the global financial messaging network that banks use to move billions of dollars every day, warned of a second malware attack similar to the one that led to February's $81 million cyberheist at the Bangladesh central bank. The second case targeted a commercial bank, Swift spokeswoman Natasha de Teran said, without naming it. It was not immediately clear how much money, if any, was stolen in the second attack. Swift said in a statement that the attackers exhibited a "deep and sophisticated knowledge of specific operational controls" at targeted banks and may have been aided by "malicious insiders or cyber attacks, or a combination of both." The organization, a Belgian co-operative owned by member banks, said that forensic experts believe the second case showed that the Bangladesh heist was not a single occurrence, "but part of a wider and highly adaptive campaign targeting banks." -
Iran Deleted From the World's Banking Computers
dtjohnson writes "Iran is being deleted from the world banking system Society for Worldwide Interbank Financial Telecommunication (SWIFT) computers as of Saturday at 1600 UTC. Once the SWIFT codes for Iranian banks are deleted, Iranian banks will no longer be able to transfer funds to and from other worldwide banks, turning Iranian international commerce into a barter operation. SWIFT is taking the action at the request of EU members to comply with international sanctions against Iran due to its program to develop nuclear weapons. The effect will be to drastically hinder Iran's ability to execute international business transactions."