×
The Standard e-Paper
Join Thousands Daily
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The chief executive of secure messaging system SWIFT said the theft of $81 million from Bangladesh’s central bank, by criminals sending fraudulent payment instructions via SWIFT, would force the organization to shrink and review its strategy.
Gottfried Leibbrandt told Reuters he would be forced to scale back some of SWIFT’s operations to help pay for new security initiatives it plans. But he denied the Belgium-based co-operative should have taken these measures sooner.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join