Going Big: Hackers Target Banks Via Wire Transfers

September 10, 2019

In 2015 and 2016, a number of cyberattacks on banks were conducted using the SWIFT (Society for Worldwide Interbank Financial Communication) network. SWIFT is a Belgium-based global cooperative of financial institutions that provides a network to send and receive international financial transaction information in a secure and standardized manner. SWIFT does not actually handle transfers...

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