Global financial network, Swift, which banks use to transfer billions of dollars every day, has admitted that it has been hacked a number of times where attackers have sent fraudulent messages over its system. The company said in an announcement on Friday that hackers had stolen the personal information from about 200,000 customers and employees who used Swift’s mobile payment app between May 2014 and June 2015. Cyber security experts are warning now that more attacks could surface as Swift banking clients look to see if their access had been compromised.
Global financial network, Swift, which banks use to transfer billions of dollars every day, has admitted that it has been hacked a number of times where attackers have sent fraudulent messages over its system. Swift has urged 11,000 financial institutions to update their software after $81m was stolen from the Bangladesh central bank account; it says the scheme involved altering Swift software on Bangladesh Bank's computers so as to hide evidence of fraudulent transfers. Cyber security experts are warning now that more attacks could surface as Swift banking clients look to see if their access had been compromised.