Without disclosing details on the attacks, the letter said that the thieves send fraudulent payment instructions through the SWIFT network.
SWIFT’s customer security programme head Stephen Gilderdale declined to reveal the accounts or value of the funds that have been hacked recently.
Gilderdale said: “In all of these cases attackers are suspected of trying to replicate the modus operandi of the Bangladesh attackers.”
He added that some of banks’ antivirus software had been found to contain malware.
In other cases, software provided by SWIFT to its customers was able to alert the network of an “attempted manipulation” of a bank’s system.
Gilderdale said: “In 80% of the cases that we are aware of and where we have completed investigations, a fraud has not actually ended up taking place,” he said.
“I personally am very pleased with the progress that we are making.”
SWIFT is the primary communications channel for financial institutions engaged in correspondent banking around the world, transmitting messages relating to payments, securities, treasury and trade between financial institutions.
This article is from the CBROnline archive: some formatting and images may not be present.
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