The SWIFT banking network on Friday updated financial institutions worldwide of new security resources it has developed in the wake of massive fraud. Officials also reminded banks of their role in securing their respective infrastructures. Banks in Bangladesh, Vietnam and Ecuador have been infiltrated by attackers who stole credentials for the SWIFT system to move...

Hackers behind the $81 million heist in February at Bangladesh Bank used stolen credentials to inject a malware toolkit into the financial institution’s implementation of the SWIFT payment system. The attackers used the access afforded by the credentials to send fraudulent money transfers to accounts in the Philippines and the malware was used to electronically cover the...