Swift code bank logo is displayed on an iPhone 6s among Euro banknotes in this picture illustration made in Zenica, Bosnia and Herzegovina, January 26, 2016. Picture taken January 26. Reuters/Dado Ruvic
LONDON: The SWIFT secure messaging service, which banks use to transfer money around the world, outlined areas in which it hopes to improve security, following attacks in which hackers stole millions of dollars from banks in Bangladesh and Ecuador.
SWIFT said it would consult its users, which are also its owners, about new measures, including the potential to develop new tools that could allow it to spot fraudulent payment instructions.
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