Bankers beware: North Korea is on a hacking spree

Image Source: Article

Image Source: Article

A new threat is looming on the horizon, one that has gone largely unnoticed: the string of attacks on the global bank payment messaging system known as SWIFT. Founded in 1973 in Brussels, the company is responsible for the daily transfer of trillions of dollars between banks. The most recent hacking case saw Turkey’s Akbank exposed to a cyber attack which ended up costing the bank around $4 million.

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