SWIFT tells banks to share information on hacks

8:34 AM ETReutersSHARES

International financial messaging service SWIFT told clients on Friday to share information on attacks on the system to help prevent hackings, after criminals used SWIFT messages to steal $81 million from the Bangladesh central bank.

Earlier on Friday Reuters reported that Wells Fargo, Ecuador’s Banco del Austro and Citibank, whose Managing Director, Franchise Risk & Strategy, Yawar Shah, is SWIFT’s Chairman, did not inform SWIFT of an attack last year in which over $12 million was stolen from BDA.

The banks and Shah all declined to comment.

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