Tag: cyber fraud

Capital and Risk, Operational

SWIFT Official Warns Banks of Escalating, More Sophisticated Cyber Threats

December 13, 2016

Via: Insurance Journal

Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a […]

Capital and Risk, Operational

Swift quick to dismiss Bangladesh’s allegations over cyber fraud scandal

May 12, 2016

Via: Banking Technology

A few months ago, hackers stole more than $100 million from the country’s foreign currency reserves. In the ensuing furore, the head of Bangladesh’s central bank, Atiur Rahman, resigned; and Bangladesh’s government publicly blamed the Federal Reserve Bank of New […]