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SWIFT rejects allegations of security holes

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Update: 2016-05-10 02:18:58
SWIFT rejects allegations of security holes

DHAKA: SWIFT (Society for Worldwide Interbank Financial Telecommunication) has rejected allegations of security holes over 81 million US Dollars cyber heist from Bangladesh Bank reserve in February. 

It comes on Monday, in the wake of Bangladeshi police and a central bank official saying that SWIFT technicians introduced security holes into the bank's network while connecting SWIFT to Bangladesh's first real-time gross settlement (RTGS) system. 

“SWIFT was not responsible for any of the issues cited by the officials, or party to the related decisions,” the Brussels-based bank-owned cooperative said in a statement posted on its website.

“As a SWIFT user like any other, Bangladesh Bank is responsible for the security of its own systems interfacing with the SWIFT network and their related environment – starting with basic password protection practices – in much the same way as they are responsible for their other internal security considerations,” the statement added. 

BDST: 1217 HRS, May 10, 2016
AKA
 

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