bangladesh swift

SWIFT Discloses More Cyber Thefts, Pressures Banks on Security

By Jim Finkle Aug 31- SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February’s high-profile $81 million heist at Bangladesh Bank. In a private letter to clients, SWIFT said that new cyber-theft attempts – some of

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NY Fed First Rejected Cyber-Heist Transfers, Then Moved $81 Million

By Krishna N. Das and Jonathan Spicer DHAKA/NEW YORK, June 5 – Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to transfer money, according to two

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