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Hackers focusing on banks that might be using outdated versions of Swift or third-party vendor software
Wed, May 18, 2016 - 5:50 AM
"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.