Billion dollar Bangladesh hack: SWIFT software hacked, no firewalls, $10 switches | Ars Technica: "Billion dollar Bangladesh hack: SWIFT software hacked, no firewalls, $10 switches

The Bangladesh central bank had no firewall and was using a second-hand $10 network when it was hacked earlier this year. Investigation by British defense contractor BAE Systems has also shown that the SWIFT software used to make payments was compromised, enabling the hackers to send money around the world without leaving any trace in Bangladesh."

Labels: security fail, security flaw