Blog | G5 Cyber Security

SWIFT Sees New Hack Attacks Against Banks

SWIFT has cataloged multiple attempts by attackers to hack into banks’ systems and issue fraudulent SWIFT transfers. Some banks have lost money as a result, according to a private letter sent from SWIFT to its customers on Aug. 30. About 11,000 institutions in more than 200 countries use SWIFT’s interbank messaging software and network. A letter to customers does not specify which institutions were targeted, which attacks were successful or how much was stolen, a SWIFT spokesman says. The letter also threatens to report banks to their regulators if they don’t meet a Nov. 19 deadline for installing updated SWIFT software.”]

Source: https://www.govinfosecurity.com/swift-sees-new-hack-attacks-against-banks-a-9374

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