Malware compromises Swift system -- patch available

The Swift (Society for Worldwide Interbank Financial Telecommunication) system has apparently fallen victim to the same sophisticated hacking scheme that was used to disrupt the Bangladesh central bank last month. The cyberattack in Bangladesh resulted in a loss of $951 million from the central bank's account at the Federal Reserve in New York and it now seems likely, thanks to new research from BAE systems, that Swift was also compromised during the attack. During their investigation of the attack, security researchers at the company found a hidden piece of malware that lead to a loss of $81 million. It was… [Continue Reading]