swift
SWIFT prepares for digital currency transactions in 2025
SWIFT, the global bank messaging network, is set to trial live transactions involving tokenised assets and digital currencies next year, according to a recent report by Reuters.
SWIFT planning launch of new central bank digital currency platform in 12-24 months
The move is likely to be fine-tuned to when the first major ones are launched
Rooppur Project: Russia proposes payment in rouble
Russia has proposed a direct payment system bypassing the global standard SWIFT to settle the dues for Rooppur nuclear power plant as the Soviet nation looks to navigate the sanctions from the West following the Ukraine war.
Malaysia’s central bank foils unauthorised fund transfer attempts
Malaysia’s central bank says it detected and foiled an attempted cyber attack and efforts to transfer funds without authorisation using falsified SWIFT messages.
Russia’s Globex bank says hackers targeted its SWIFT computers
Hackers tried to steal 55 million roubles ($940,000) from Russian state bank Globex using the SWIFT international payments messaging system, the bank said on Thursday, the latest in a string of attempted cyber heists that use fraudulent wire-transfer requests.
SWIFT warns banks on cyber heists as hack sophistication grows
SWIFT, the global messaging system used to move trillions of dollars each day, warns banks that the threat of digital heists is on the rise as hackers use increasingly sophisticated tools and techniques to launch new attacks.
Could enable fraud like seen at Bangladesh Bank: Cybersecurity expert
Hackers release documents and files that cybersecurity experts indicated the US National Security Agency had accessed the SWIFT interbank messaging system, allowing it to monitor money flows among some Middle Eastern and Latin American banks.
No plans to sue Fed, SWIFT, says Bangladesh Bank
Bangladesh's central bank says it has reversed its plans to sue the Federal Reserve Bank of New York and the SWIFT money transfer network, and instead intends to seek their help recovering $81 million stolen by cyber thieves in February.
Hackers steal $10m from Ukraine bank
Hackers have stolen $10 million from an unnamed Ukrainian bank, according to an independent IT monitoring organisation.
Bangladesh Bank exposed to hackers by cheap switches, no firewall: cops
Bangladesh's central bank was vulnerable to hackers because it did not have a firewall and used second-hand, $10 switches to network computers connected to the SWIFT global payment network, an investigator into one of the world's biggest cyber heists says.
Bangladesh Bank fund: Fed could but failed to stop cyber heist
It seems, had the Federal Reserve Bank of New York been cautious about financial transactions, the hacked funds of Bangladesh Bank could easily be stopped from being transferred to banks in the Philippines and Sri Lanka, and from there to the pockets of the hackers.
BB's Achilles' heel
Cyber thieves might have found it easier to break into the Bangladesh Bank system after its local area network (LAN) was connected with its SWIFT operation, according to central bankers and investigators.
Not so SWIFT
Two engineers of SWIFT have come to Bangladesh to review its servers with the central bank -- 38 days after a band of hackers breached the payment system in an attempt to steal about $1 billion.