SWIFT brings in external support as it fights wave of bank hacks

SWIFT is bringing in additional security support after a series of high-profile bank heists and attempted bank heists conducted via its financial transaction network.

The company has hired two security firms, UK-based BAE Systems and Fox-IT Security of the Netherlands, to help its customers strengthen their security, it said Monday.

SWIFT’s network itself has not been breached in the recent attacks, but bank systems connected to it have been hacked in a number of high-profile incidents over the last year, the most spectacular of which almost led to the loss of US$1 billion from Bangladesh Bank.

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