Since last year’s revelation that attackers have compromised SWIFT software of Bangladesh’s central bank and used it to perform fraudulent transfers worth tens of millions, news about similar attacks – both successful and not – have become a regular occurrence.
Attackers usually use banks’ compromised SWIFT system to send information about fraudulent financial transactions, but in attacks aimed at three government-owned banks in India, they chose to create fake trade documents such as letters of credit and guarantees.
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