December 16, 2016 BY Valentina Kirilova

Turkey's Akbank to face up to £4 million liability after suffering a cyber attack

One of Turkey's largest banks could be liable for up to £4 million after suffering a cyber attack on the SWIFT global money transfer system, Reuters just reported. Despite the potential liability, Akbank insists that no customer information was compromised, although it is unclear exactly whether any funds were stolen. Banks connected to Swift's system…

Read more