While details around the most recent attack – which bank was implicated, how much money was taken, etc. – remain scant, SWIFT did share the attack vector: malware that targets a PDF reader ...

The Central Bank of Nigeria, CBN, has uncovered a fresh fake SWIFT message scheme and warned Nigerians and the general public against falling victim to fraudsters. The spokesperson of the apex ...

Nigeria, CBN, has cautioned the banking public to desist from using fake Society for Worldwide Interbank Financial Telecommunications (SWIFT) messages as evidence of remittances to beneficiary banks.

She stated that the SWIFT Ack copy and SWIFT MT103 that the claimants usually attach as evidence of remittance to beneficiary banks in Nigeria are not reliable.

Financial messaging co-operative Swift is reporting a succesful community migration from legacy message type (MT) 100 to the new MT103, which holds out the promise of increased automation and ...