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After bank heists, SWIFT adds new security feature

September 21, 2016

Via: The Hill

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the banking transactions messaging service that hackers used to steal more than $80 million from the central bank of Bangladesh, is adding a new fraud protection system.

Starting in December, the network will send its member banks summaries of their communications, with a separate summary flagging suspicious transactions.

Read More on The Hill