Monday 21 March 2016

SWIFT to Warn Banks on Cybersecurity

Global financial messaging body SWIFT is to issue emergency advice to the world’s banks on cybersecurity following the $81 million online heist that hit Bangladesh’s central bank earlier this month.

A spokeswoman for the group told Reuters that it would be sending a written note and calling up the banks in person, urging them to review their security posture.

“Our priority at this time is to encourage customers to review and, where necessary, to reinforce their local operating environments,” she said.

The group has maintained that its network was not compromised in the attack, but instead that it was an “internal operational issue” at Bangladesh Bank.

FireEye’s Mandiant forensics unit is investigating the incident and claimed in an interim report seen by the newswire that hackers managed to access the bank’s network, steal credentials allowing them to send SWIFT messages, and use malware to target the computers which process and authorize transactions. For the full article click here 



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