Swift discloses more cyber thefts, pressures banks on security

Published Wed, Aug 31, 2016 · 09:50 PM

Boston

SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February's high-profile US$81 million heist at Bangladesh Bank.

In a letter to clients, Swift said that new cyber-theft attempts - some of them successful - have surfaced since June, when it last updated customers on a string of attacks discovered after the attack on the Bangladesh central bank.