Money-transfer messaging network Swift needs to address a second hacking case

Hack me once, shame on you. Hack me twice, shame on me. Shame is exactly what executives at Swift ought to be feeling as the global money-transfer messaging network starts sending out memos to clients informing them of a second cyber attack.

The case is of the same type that enabled hackers to steal $81m (€71m) from Bangladesh’s central bank in one of the biggest heists of all time, the Financial Times reported.

In the second incident, hackers bypassed risk controls at a commercial bank and potentially transferred money illegally.