SWIFT Software Hacked in Bangladesh Bank Heist, Find Researchers

Researchers have determined that those who stole approximately $81 million from the Bangladesh Bank most likely did so by hacking into SWIFT’s client software.SWIFT, or the Society for Worldwide Interbank Financial Telecommunications, provides banks and other organizations with secure messaging services. According to its 2015 traffic, more than 11,000 organizations and more than 200 countries are connected to its platform.

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SWIFT spokeswoman Natasha Deteran confirmed to Reuters that the financial cooperative is aware of malware targeting its client software and intends to release a software update on Monday that will attempt to block future incursions by the malicious software.The malware, known as “evtdiag.exe,” was found by security researchers at British defense contractor BAE Systems on a malware repository.

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