The Risks of the SWIFT network

While the world seems to be full of cryptocurrency hacks, it should not be forgotten that the SWIFT network is still a major security risk. Over the weekend it has been revealed that India’s City Union Bank has been hacked for over $2 million using the SWIFT financial platform. While cryptocurrencies are built on solid cryptography (and where poor handling of the wallets are responsible for most of the hacks), the SWIFT network is…

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