Clients Receive Warning from SWIFT, May Relocate Bank Users to Bitcoin

Clients Receive Warning from SWIFT, May Relocate Bank Users to Bitcoin

SWIFT, also known as the Society for Worldwide Interbank Financial Telecommunication, revealed that banks with weak security systems have been compromised by hackers after the US$81 million Bangladesh Bank heist in February. The organization disclosed in a private letter to customers that hackers from the Bangladesh Bank heist targeted banks with “lax security procedures” to successfully compromise user funds through sophisticated malware and hacking methods. "Customers’ environments have been compromised, and subsequent attempts (were) made to send fraudulent payment....


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