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On April 12, the Society for Worldwide Interbank Financial Telecommunication announced measures to defend banks against cyberattacks that target banks' connections to the SWIFT messaging system.
On April 12, the Society for Worldwide Interbank Financial
Telecommunication ("SWIFT") announced measures to defend banks against
cyberattacks that target banks' connections to the SWIFT
messaging system. Among other measures, the tools include a payment
screening service allowing small member banks to automate the
flagging of suspicious payments. SWIFT is an interbank messaging
system that hackers used to steal $81 million from Bangladesh last
year.
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