Cyber assault on Russian banks mirrors Swift attacks

‘Advanced persistent threat’ attacks threaten wholesale payment networks

It is rumoured that Vladimir Putin’s inner circle use typewritten notes to communicate with one another. Given recent evidence that cyber warfare is being waged to affect the course of governments, it’s not hard to see why.

Russia’s banks might wish they had the same luxury. The country’s wholesale banking community has become the latest target of sophisticated hacking attacks that seek to exploit vulnerabilities around access points to global payment networks – in its case, the financial