SWIFT to advise banks on security following Bangladesh breach

Boston

The SWIFT messaging system plans to ask banks to make sure that they are following recommended security practices following an unprecedented cyber attack on Bangladesh's central bank that yielded US$81 million, a spokeswoman for the group told Reuters on Sunday.

Brussels-based SWIFT, a cooperative owned by some 3,000 global financial institutions, was due to issue a written advisory on Monday asking banks to review internal security, the spokeswoman said.

SWIFT staff will also begin calling banks to highlight the importance of reviewing security measures after the attack in Bangladesh, she added. "Our priority at this time is to encourage customers to review and, where necessary, to reinforce their loca…