Some $6 million was stolen in a SWIFT-related attack against a Russian bank last year, authorities announced Friday. India’s City Union Bank says it blocked two of three fraudulent SWIFT transactions that potentially could have totaled nearly $2 million. Security experts are advising banks to be more vigilant and to take certain security steps. Some security practitioners say attackers might have taken advantage of security gaps in the SWIFT network. Back in February 2016, attackers stole $81 million from Bangladesh Bank via fraudulent transactions.”]
Source: https://www.cuinfosecurity.com/more-swift-related-fraud-revealed-how-banks-must-respond-a-10666