Banks Boost Security Of SWIFT Networks

  Image Source: Article

Image Source: Article

Global banks using SWIFT networks, the global interbank messaging system used to move trillions of dollars each day, are stepping up their security systems amid the rising threat of cyberattacks.

The tightening of security comes in the wake of both a massive Southeast Asian breach (Bangladesh’s central bank for $81 million) that started out the year and the run of smaller attempts on the system that have been sprouting up like weeds ever since.

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