New security plan from Swift after hacker heists

London

THE Swift secure messaging service that underpins international banking says it plans to launch a new security programme as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist.

The Society for Worldwide Interbank Financial Telecommunication's (Swift) chief executive Gottfried Leibbrandt will tell a financial services conference in Brussels that Swift will launch a five-point plan later this week.

Banks send payment instructions to one another via Swift messages. In February, thieves hacked into the Swift system of the Bangladesh central bank, sending messages to the…