Trading

Swift finds evidence of second malware attack

Network operator says discovery indicates a wide-ranging effort to penetrate the financial system

Hackers have again gained access to the world’s largest system for transferring funds among banks, a breach the network’s operator said indicates a wide-ranging effort to penetrate the financial system.

The Society for Worldwide Interbank Financial Telecommunication, a cooperative that runs the international messaging system between banks, said the attack targeted a commercial bank and managed to send Swift messages using the bank's valid codes. It followed the theft in February of $81 million from Bangladesh's account at the Federal Reserve Bank of New York.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump