SWIFT on Monday rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation's central bank more vulnerable to hacking before an $81 million cyber heist in February.
This comes in the wake of Bangladeshi police and a central bank official saying that SWIFT technicians introduced security holes into the bank's network while connecting SWIFT to Bangladesh's first real-time gross settlement (RTGS) system. "SWIFT was not responsible for any of the issues cited by the officials, or party to the related decisions," the Brussels-based bank-owned cooperative said in a statement posted on its website.
"As a SWIFT user like any other, Bangladesh Bank is responsible for the security of its own systems interfacing with the SWIFT network and their related environment – starting with basic password protection practices – in much the same way as they are responsible for their other internal security considerations," the statement said.
Though, the allegations by Bangladeshi officials about the SWIFT technicians has not been verified. The officials in Dhaka discussed their findings ahead of a meeting on Tuesday in Basel, Switzerland, where Bangladesh Bank officials have said their governor and a lawyer appointed by the bank would discuss recovery of about $81 stolen by hackers with the head of the Federal Reserve Bank of New York and a senior executive from SWIFT.
SWIFT's statement said it "looks forward to the meeting with Bangladesh Bank and New York Federal Reserve Bank officials in Basel on May 10, when the bank's security issues and these baseless allegations will be discussed." Bangladesh Bank officials have said they believed SWIFT, and the New York Fed, bear some responsibility for the February cyber heist.
SWIFT's statement on Monday marked the first time it responded to such allegations.
