SWIFT

The Society for Worldwide Interbank Financial Telecommunication, legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.

(source: en.wikipedia.org)

Fed, SWIFT, Bangladeshis Align To Find Missing $81M
Fed, SWIFT, Bangladeshis Align To Find Missing $81M
May 11, 2016  |  Security & Fraud

During a recent meeting in Basel, Switzerland, to discuss the $81 million cyberheist at the central bank of Bangladesh, representatives from the Federal Reserve Bank...

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Are SWIFT Technicians To Blame For Bangladesh Bank Heist?
Are SWIFT Technicians To Blame For Bangladesh Bank Heist?
May 09, 2016  |  Security & Fraud

Bangladeshi police and banking officials say that the connection of SWIFT messaging to a new bank transaction system could have led to the $81 million...

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SWIFT Boosts Asia Presence Despite Bangladeshi Hack
SWIFT Boosts Asia Presence Despite Bangladeshi Hack
May 05, 2016  |  B2B Payments

SWIFT may be dealing with damage control in Bangladesh after reports emerged that cyberthieves likely hacked into the global financial platform’s software to steal $81...

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SWIFT Software Hack Details Emerge
SWIFT Software Hack Details Emerge
April 26, 2016  |  B2B Payments

Bad news broke on Monday morning (April 25) for global payments messaging platform SWIFT as BAE Systems released analysis concluding that cyberthieves hacked into SWIFT’s...

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SWIFT Software Likely Compromised By Bangladesh Bank Hackers
SWIFT Software Likely Compromised By Bangladesh Bank Hackers
April 25, 2016  |  Security & Fraud

Bad news this morning for SWIFT — the rather centrally important global financial platform. According to Reuters, cybercriminals who managed to lift $81 million from the...

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SWIFT Likes Distributed Ledgers, Sort Of
SWIFT Likes Distributed Ledgers, Sort Of
April 20, 2016  |  Payment Methods

SWIFT has found gaps in the promise and the delivery of distributed ledger technologies when it comes to payments. But it still thinks it has...

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SWIFT Loops Into Treasury Management
SWIFT Loops Into Treasury Management
April 20, 2016  |  B2B Payments

Treasury management firm Reval, which provides cloud-based cash management solutions, is now linking its corporates into the SWIFT network. An announcement on Tuesday (April 19) said...

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