Banks Fear Swift Will Be Next Russian Cyberattack Target

Banks Fear Swift Will Be Next Russian Cyberattack Target
A man types on a computer keyboard in Warsaw on Feb. 28, 2013. Kacper Pempel/Reuters
|Updated:

The cyber specialists of the big banks have set an alert as concerns brew amongst the big banks over Swift’s vulnerability to Russian cyberattacks, the Financial Times reports.

The attacks ended, kicking seven of the country’s lenders off the global payments messaging system. Swift plays a crucial role in global banking, facilitating trillions of dollars worth of daily transactions.