Tag: SWIFT
News highlights for 11 June EU starts investigation into Qualcomm’s NXP bid BRUSSELS (Reuters) – EU antitrust authorities opened an investigation on Friday into Qualcomm’s $38-billion bid for NXP Semiconductors, ratcheting up pressure on the U.S. smartphone chipmaker to offer concessions to address their concerns. Read more… Western Digital raising offer in last ditch attempt […]
LONDON (Reuters) – Interbank messaging service SWIFT, which is used to transfer trillions of dollars between banks every day, will launch a new tool to spot fraudulent messages, seeking to restore trust in the system after millions of dollars were stolen in cyber raids. Belgium-based SWIFT said on Wednesday that it will offer clients a […]
LONDON/BOSTON (Reuters) – Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a previously undisclosed letter the organization sent to banks worldwide. The messaging network […]
GENEVA (Reuters) – Banks are tightening the security of their SWIFT messaging networks – used by the industry to shift trillions of dollars each day – following revelations that hackers are increasingly able to get into this system to steal money. Bankers at SWIFT’s annual SIBOS conference in Geneva said they were adopting new security […]
LONDON (Reuters) – The SWIFT secure messaging service that underpins international banking said it plans to launch a new security program as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist. The Society for Worldwide Interbank Financial Telecommunication (SWIFT)’s chief executive, Gottfried Leibbrandt will tell a financial services conference in […]
LONDON/CHICAGO (Reuters) – Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complied. Over 10 days, Wells approved a total of at least 12 transfers of […]
FRANKFURT (Reuters) – Cyber attacks on banks in Bangladesh and Vietnam are raising questions about the security of the global payment system and one of its key components, the SWIFT messaging network. Following is a basic explanation of how bank payments work in the euro zone: WHAT HAPPENS WHEN I MAKE A PAYMENT VIA A […]
HANOI (Reuters) – Cyber-criminals unsuccessfully tried to send 1.2 million euros ($1.36 million) from a Vietnamese bank to a Slovenian bank via the SWIFT network last December, but there have been no other cases of fraudulent transfers in Vietnam, a top central bank official said on Tuesday. Le Manh Hung, head of the State Bank […]
(Reuters) – SWIFT has told its bank customers that they are responsible for securing computers used to send messages over its global network, which was used to steal some $81 million from a Bangladesh central bank account at the New York Fed in February. The theft marked one of the biggest-ever cyber heists. “SWIFT is […]
(Reuters) – SWIFT has rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation’s central bank more vulnerable to hacking before an $81 million cyber heist in February. The comments were in response to a Reuters story that cited Bangladeshi police and a central bank official as saying that […]
Recent Comments