cybertheft
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Banking service SWIFT adds new security plan following hacks
Banks use a service to send secure messages built by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) to send financial transaction instructions. But recently it hasn't been so secure: Hackers stole $12 million from Ecuador banks earlier this week, the latest in a slew of thefts. Today, SWIFT released a plan to work with its customers (the banks) to shore up the messaging system's security.