SWIFT (Society for Worldwide Interbank Financial Telecommunication) provides secure messaging services and software to financial institutions worldwide. After a recent cyber-theft of over $80 million from Bangladesh Bank, SWIFT today plans to advise banks to implement security measures to avoid similar attacks. Security consultant Shane Shook said in the report that while SWIFT can recommend financial institutions to follow some security standards, there are no specific measures to be uniformly adopted by all of them to secure their networks against financial breaches.”]

