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Foiled Vietnam attack likely a test run for Bangladesh heist

Hackers focusing on banks that might be using outdated versions of Swift or third-party vendor software

"The Swift payment system is only as strong as the operational controls built and enforced around it," says Mark Williams, a lecturer at Boston University and author of "Uncontrolled Risk".


A FOILED hacking attack on a small Vietnamese bank may have been a practice run for a US$81 million cyber assault on Bangladesh's account at the Federal Reserve Bank of New York, and points to vulnerabilities in how banks connect to the Swift interbank messaging system.