Some of the banking industry’s top executives are concerned that hackers will continue to attack the global financial system by breaking into smaller banks.
In February, computer hackers stole $101 million from Bangladesh’s central bank. In a potentially disastrous move, they gained access to SWIFT, the worldwide interbank communication network that settles transactions.
Hackers performed that attack a second time recently, on what is believed to be a commercial bank in Vietnam.
On Monday morning, those attacks were discussed in stark terms by bankers present at a special meeting of President Obama’s Commission on Enhancing National Cybersecurity.