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Exclusive: Swift Network Says Aware Of Multiple Cyber Fraud Incidents


Ron Burgundy
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Swift code bank logo is displayed on an iPhone 6s on top of Euro banknotes in this picture illustration made in ZenicaThe disclosure came as law enforcement authorities in Bangladesh and elsewhere investigated the February cyber theft of $81 million from the Bangladesh central bank account at the New York Federal Reserve Bank. SWIFT has acknowledged that the scheme involved altering SWIFT software on Bangladesh Bank's computers to hide evidence of fraudulent transfers. Monday's statement from SWIFT marked the first acknowledgement that the Bangladesh Bank attack was not an isolated incident but one of several recent criminal schemes that aimed to take advantage of the global messaging platform used by some 11,000 financial institutions.




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