Security experts push for SWIFT update

Problem 1: The bank should have had a much better (anything would have been better!) protected network

From The Register:

Security vendors are pushing for a more comprehensive revamp of the SWIFT international inter-bank financial transaction messaging system beyond a update prompted by an $81m hack against Bangladesh's central bank.

The loss of $81m (part of an attempted $950m heist) in February’s Bangladesh cyber-heist – reckoned to be the biggest ever bank theft – has subsequently been linked to the bank’s use of second-hand $10 switches on its network and a lack of firewalls.