SWIFT Discloses More Cyber Thefts, Pressures Banks on Security

  • SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February’s high-profile $81 million heist at Bangladesh Bank.
  • Accounts of the attack on Bangladesh Bank suggest that weak security procedures there made it easier to hack into computers used to send SWIFT messages requesting large money transfers.
  • International Business | SWIFT Discloses More Cyber Thefts, Pressures Banks on Security
  • SWIFT disclosed the new hacks after reports of previous incidents prompted regulators in Europe and the United States to urge banks to bolster cyber-security.
  • The disclosure suggests that cyber thieves may have ramped up their efforts following the Bangladesh Bank heist, and that they specifically targeted banks with lax security procedures for SWIFT-enabled transfers.

SWIFT disclosed new hacking attacks on its member banks, on the heels of February’s high-profile $81 million heist at Bangladesh Bank.
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Harrowing Dashcam Footage of 10-Car Crash Shows People Rescuing Woman From Burning Car

Harrowing dashcam video shows bystanders rescuing woman from burning car after 10-car pileup

  • Harrowing Dashcam Footage of 10-Car Crash Shows People Rescuing Woman From Burning Car
  • “The woman suffered only minor cuts and bruises.
  • WATCH Dashcam Video Captures Woman Rescued from Burning Car After Highway Pileup
  • “Dramatic dash camera video of last week’s 10-vehicle pileup on Route 17 in the City of Binghamton.
  • It captures the chilling first moments of the crash and the actions of bystanders who pulled a woman from a burning vehicle.

New footage of the pileup shows the crash as it happens.
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The technology behind bitcoin lets people who do not know or trust each other build a dependable ledger. This has implications far beyond the cryptocurrency

  • When a miner finally comes up with a solution other nodes quickly check it (that’s the one-way street again: solving is hard but checking is easy), and each node that confirms the solution updates the blockchain .
  • It is the concatenation that makes the blocks into a chain.
  • The technology behind bitcoin could transform how the economy works
  • And nodes always work on the longest version of the blockchain there is.
  • As the proposal propagates over the network the various nodes check, by inspecting the ledger, whether Alice actually has the bitcoin she now wants to spend.

The technology behind bitcoin lets people who do not know or trust each other build a dependable ledger. This has implications far beyond the cryptocurrency Continue reading “The technology behind bitcoin lets people who do not know or trust each other build a dependable ledger. This has implications far beyond the cryptocurrency”

Blockchain as a disruptive enabler

#Blockchain as a disruptive enabler

  • One sometimes slow sector to exploit and harness technological change is the public sector.
  • The potential of Blockchain extends far beyond the financial services sector, and I explore a brief look at just what this revolutionary technology could mean for a number of other sectors.
  • Blockchain has truly got the financial services industry buzzing with the Bank of England busy considering how best to harness the technology, and where the Bank of America has already applied for no less than 15 patents, with a further 20 still in progress to be submitted.
  • Leading the way for what could be possible within other realms with Blockchain is ‘Blockchain Capital’ who have raised $7 million to explore just what can be achieved for those within non-financial sectors.
  • Whilst many companies from a plethora of industries are harnessing Blockchain, there are key markets where the technology is serving to positively disrupt traditional practice.

Read the full article, click here.


@mbnsolutions: “#Blockchain as a disruptive enabler”


Blockchain first appeared in our general consciousness as a result of Bitcoin. Whilst the jury may be out on Bitcoin, Blockchain has made waves by showin…


Blockchain as a disruptive enabler