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Midweek Roundup: Swift Prepares New Cybersecurity Strategy, Singapore Closes Swiss Bank, and More
printRep. Carolyn Maloney (D-NY) wrote a letter to federal banking regulators asking them to disclose the steps they have taken to protect the U.S. financial system from cyberattacks involving the Society for Worldwide Interbank Financial Telecommunication, or Swift, following disclosures that cybercriminals recently accessed the interbank messaging platform to steal tens of millions of dollars from at least two banks, Reuters said. More Swift, which has been accused of not thoroughly vetting firms that use its messaging platform, is set to launch a new security strategy in response to the attacks and has urged banks to review their own cyberdefenses,...
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