Swift report shows concentration of bank cyberattacks in southeast Asia

Bangladesh's central bank was at the centre of a $1bn cyber heist in 2016

Banking cooperative Swift, which runs the global network for interbank payments, has issued a new report on bank-focused cyberattacks, which shows that four out of five of all fraudulent transactions were issued to beneficiary accounts in southeast Asia. The report is part of Swift’s information-sharing initiative, which was established in the wake of the 2016 cyberattack on the central bank…

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