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Bank hacks raise fears for financial sector

Cyber security specialists say that attacks on banks in Bangladesh, the Philippines, Vietnam and Ecuador are likely just the tip of the iceberg, and expect more revelations

Published Sun, Jul 24, 2016 · 09:50 PM

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Washington

A SERIES of spectacular cyber attacks against banks, resulting in the theft of tens of millions of dollars, has heightened fears for an industry becoming an increasingly attractive target for hackers.

Banks in Bangladesh, the Philippines, Vietnam and Ecuador have been victimised over the past year in the attacks on the global interbank service known as Swift, and some analysts expect more attacks to become public.

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