Printed from BusinessInsurance.com

Banks' SWIFT systems hacked

Posted On: Jan. 16, 2017 5:00 AM CST

Three government-owned banks in India have discovered that their SWIFT messaging systems have been hacked to create fake documents, The Economic Times reported citing a source. Hackers infiltrated the systems to create fake trade documents that may have been used to raise finance abroad or facilitate dealings in banned items.

Read more.