SWIFT tells banks to share information on hacks

By Tom Bergin LONDON (Reuters) – International financial messaging service SWIFT told clients on Friday to share information on attacks on the system to help prevent hacking, after criminals used SWIFT messages to steal $81 million from the Bangladesh central bank. Earlier on Friday, Reuters reported that Wells Fargo, Ecuador's Banco del Austro (BDA) and Citibank, whose managing director, Franchise Risk & Strategy, Yawar Shah, is SWIFT's chairman, did not inform SWIFT of an attack last year in which more than $12 million was stolen from BDA. The network is considered the backbone of international finance but faith in its security has been rocked by the theft from Bank Bangladesh's account at the Federal Reserve Bank of New York.

Original story here.

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