How cheap $10 switches cost a bank $80m

Poor security including cheap network switches and the lack of a firewall was partly to blame for the daring hack and theft of just over $81 million (around £55 million, or AU$105 million) from the central bank of Bangladesh pulled off back in February.

The bank used second-hand $10 switches to hook computers up with the SWIFT global payment system, as opposed to more sophisticated switches which cost hundreds of dollars. The ropey switches have also made it difficult for those...

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