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Appeals Court Throws Out $1.27 Billion Penalty Against Bank of America
Appeals Court Throws Out $1.27 Billion Penalty Against Bank of America
Global Stocks Start Week Subdued
Global Stocks Start Week Subdued
Shanda Group Accumulates 11.7% LendingClub Stake
Shanda Group Accumulates 11.7% LendingClub Stake
Hedge Funds Place Record Bets Against Australia Banks
Hedge Funds Place Record Bets Against Australia Banks
Shares and Bonds Can Weather a Fed Rate Increase, Investors Say
Abreast of the Market
Shares and Bonds Can Weather a Fed Rate Increase, Investors Say
This Market Refuses to Get Punked by the Fed Again
This Market Refuses to Get Punked by the Fed Again
Why Bayer’s Big Monsanto Bid Has Fallen Flat
Heard on the Street
Why Bayer’s Big Monsanto Bid Has Fallen Flat
Bitcoin Catches On With Gold Bugs
Bitcoin Catches On With Gold Bugs
CLO Debt Market Peps Up
CLO Debt Market Peps Up
Investors Check Out of Europe
Investors Check Out of Europe
No One Knows How Corporate Europe Will Use its Bond Market Binge — Including the ECB
No One Knows How Corporate Europe Will Use its Bond Market Binge — Including the ECB
New U.S. Tax Rules Scuttle CF-OCI Fertilizer Merger
New U.S. Tax Rules Scuttle CF-OCI Fertilizer Merger
Harvard Endowment Chief Takes Medical Leave
Harvard Endowment Chief Takes Medical Leave
Brexit Campaigners Spar With Treasury Over Economy
Brexit Campaigners Spar With Treasury Over Economy
  • BREAKING NEWS

    Appeals court reinstates civil antitrust suits against 16 banks accused of rigging Libor

Swift Banking Network Struggles With Wave of Cyberattacks

Gaps in security standards and poor communication about breaches have exposed vulnerabilities of the global money-transfer network

By

The global money-transfer network Swift has been infiltrated by thieves at least three times, but gaps in security standards and poor communication about breaches have left it struggling to deal with the wave of cyberattacks.

Banks rely on the network, formally called the Society for Worldwide Interbank Financial Telecommunication, to guarantee the authenticity of orders to make payments from customers’ accounts. Hacking incidents at...

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