Cyber attacks on the global banking system Swift are still finding success ten months after $81m (£63.91m; €76.16m) was stolen from Bangladesh Bank, the country’s central bank. The network, which handles trillions of dollars in transfers daily, has warned other central banks across the world of the escalating threat to their systems. “The threat is very persistent, adaptive and sophisticated – and it is here to stay,” Swift officials said, in a letter seen by Reuters. A number of central banks, including the Bank of England, have taken steps and issued warnings to prevent copycat attacks, but one in five attacks are still thought to be successful.
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ORIGINAL SOURCE: International Business Times
