Tag: swift

Bangladesh Central Bank Heist Update: US$15m of Stolen Funds Will Be Returned

Quite a few people will remember the Bangladesh heist, which took place a few months ago. During this attack against a Swift-connected bank, roughly US$81m was stolen by cyber criminals. It looks as if part of the stolen funds will be returned to their rightful owners, as a Philippine court ordered the return of US$15m. Said funds somehow ended up in the bank account of a casino boss. A Silver …
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Symantec Uncovers New Plot To Attack SWIFT Network With Odinaff Trojan

Many people will recall the attacks conducted against the SWIFT payment network earlier this year. Even though SWIFT itself was never breached during these attacks, connected banks proved to be a security risk. Symantec has uncovered a plot by a second group of hackers looking to target the payment network. By using the Odinaff Trojan, the Carbanak cybercrime group may become a significant concern. Hackers Continue To Target The Financial …
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Bank’s Security Systems Still Vulnerable, SWIFT Says

The institution behind SWIFT, the messaging system that connects the banks all around the world, has said that banks are still vulnerable to computer hacks.  Major financial institutions use the SWIFT network to relay messages between each other. Swift is a platform used by more than 11,000 financial institutions to exchange messages that contain money transference orders. In a given day, the Swift infrastructure handles more than 25 million messages, accounting for billions …
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Bitwala now Supports Altcoins For Debit Card Topups And Money Transfers

Bitwala continues to expand its services in an attempt to make the cryptocurrency more appealing. After their recent partnership with Shapeshift.io, the company is now expanding their features yet again. Altcoins are now officially supported when making SEPA or SWIFT transfers. This makes Bitwala a very affordable and the fastest solution to send money around the world. Bitwala Altcoin Support Has Arrived As part of the recent partnership with Shapeshift.io, …
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