Wednesday, 27 April 2016

Concerns about SWIFT

The international payments-messaging system SWIFT, used by 11,000 banks, issued a mandatory software upgrade to users of its Alliance Access interface, as concern deepened about cyber-attacks on the banking system. The non-profit body said criminals were using malicious software to disguise fraudulent transactions. In February cyber-criminals stole $81m from Bangladesh’s central bank—one of the biggest heists in history.
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