SWIFT payment system RSS

cyber heist, cyber heists, Cyber Security, Daily News, E-Money, Fraud & Security, Issuing & Acquiring, Processing & Systems, Remittance, Risk & Compliance, SWIFT malware, SWIFT malware threat, SWIFT payment system -

In February 2016 one of the largest cyber heists was committed and subsequently disclosed. An unknown attacker gained access to the Bangladesh Bank (BB) using SWIFT malware. The BB SWIFT payment system reportedly instructed an American bank to transfer money from BB’s account to accounts in The Philippines. The attackers attempted to steal $951m, of [...]

The post Analysis of the SWIFT malware threat appeared first on Payments Cards & Mobile.

Read more