UK banks ordered to review cybersecurity after SWIFT heist


  • TECH
  • Thursday, 19 May 2016

Strengthening cybersecurity: The Bank Of England sent the request to update cybersecurity measures to all the banks it regulates.

LONDON: The Bank of England ordered UK banks to detail steps taken to secure computers connected to the SWIFT bank messaging network about two months after a still-unidentified group used the system to steal US$81mil (RM329.6mil) from Bank Bangladesh, according to three people familiar with the effort.

The central bank sent the request to update cybersecurity measures to all banks it regulates in mid-to-late April, according to these people, who were not authorised to discuss the confidential communications.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Foxconn reiterates Q2 revenue to grow, posts record April sales
EU forces Apple to also allow alternative app stores on iPads
TikTok blocks 37 million suspicious product listings from online shop
Google Podcasts, one of the most popular podcast apps, to end in June
Review: ‘Tales of Kenzera: Zau’ translates the journey of grief into a video game
Atos creditors reach deal to rescue debt-laden group, La Tribune says
In an online world, a new generation of protesters chooses anonymity
After two winsome Ori games, a pivot into dark fantasy
Teenager in China dies of heart attack after teacher forces her to exercise, insists illness is ‘fake’, delays first aid, enrages mainland social media
NoSpace is Gen Z’s answer to MySpace

Others Also Read