Hackers breach SWIFT financial network

WASHINGTON (May 13): Hackers have breached the world's largest financial messaging system, used to move billions of dollars a day, months after an multi-million dollar heist at the Bangladesh central bank, US media reported Thursday.

The attack against SWIFT -- the Society for Worldwide Interbank Financial Telecommunication -- shows evidence of a wide-ranging attempt to gain access to the system, the network said in a statement due to be released on Friday, the New York Times and Wall Street Journal reported.

SWIFT, which is crucial to the global financial system, was previously believed to be highly secure.

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