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SWIFT
COMMENTARY
/
World
Feb 27, 2022
The economic consequences of Vladimir Putin¡¯s war
Sanctions rarely work; they are simply not the economic equivalent of the bombs that Russia is currently dropping on Ukraine.
WORLD
Feb 27, 2022
U.S., U.K., Europe and Canada to block Russian access to SWIFT
The decision by Western nations will exclude some Russian banks from the SWIFT messaging system, used for trillions of dollars worth of transactions between banks around the world.
WORLD
Feb 26, 2022
U.S. puts banning Russia from SWIFT global system back in play
The Biden administration is seriously considering whether to seek Moscow¡¯s expulsion from the financial messaging system over the Ukraine invasion as allies in Europe warm to the idea.
BUSINESS
/
Markets
Feb 16, 2018
Hackers stole $6 million from Russian bank via SWIFT system, central bank says
Unknown hackers stole 339.5 million roubles ($6 million) from a Russian bank last year in an attack using the SWIFT international payments messaging system, the Russian central bank said on Friday.
BUSINESS
/
Tech
Aug 31, 2016
SWIFT discloses more cyberthefts, pressures banks on security
SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its members¡¯ banks as it pressured them to comply with security procedures instituted after February¡¯s high-profile $81 million heist at Bangladesh Bank.
BUSINESS
May 16, 2016
Vietnam bank thwarts attempted heist through SWIFT system
Vietnam¡¯s Tien Phong Bank said that it interrupted an attempted wire fraud that involved the use of fraudulent SWIFT messages, the same technique at the heart of February¡¯s massive theft from the Bangladesh central bank.
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