Four Lessons to Learn From the SWIFT Hacks

  Image Source: Article

Image Source: Article

In April this year news started to trickle through about an alleged security compromise in which the Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment communications network was exploited to steal US $81 million from the Bangladesh central bank account at the New York Federal Reserve Bank. Apparently, but for a spelling mistake that alerted an analyst, the impact could have been a whole lot worse – almost a billion dollars worse.

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