Reuters: Business News

About the Author Reuters: Business News


businessNews

Special Report: Not so SWIFT – Bank messaging system slow to address weak points

LA HULPE, Belgium (Reuters) – More than a dozen current and former board directors and senior managers of SWIFT, the bank messaging system that helps transmit billions of dollars around the world every day, have told Reuters the organization for years suspected there were weaknesses in the way smaller banks used its messaging terminals – but did not address such vulnerabilities.

Read more 0 Comments