Thursday 26 May 2016

Cyber thieves exploit banks' faith in SWIFT

Shortly after 7 pm on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complied. Over 10 days, Wells approved a total of at leas


Egypt faces challenging probe into missing jet

Egypt launched an official investigation into the disappearance of an EgyptAir flight on Thursday, heralding what safety experts called a daunting probe into the apparent loss of an Airbus jet with 66 people on board. The A320 disappeared from controllers' screens over the Me


European banks still wary on Iran trade

European banks are holding back from business with Iran partly due to worries they might breach remaining sanctions, despite assurances from US and European politicians that they can legally resume ties, officials said. International measures against Iran - including banking rest

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