Nicole Perlroth
speaker
1,851 appearances
14 recordings
2 series
first heard Mar 2025
last heard 14 Jul
Nicole Perlroth’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jul 2026 with 2.
Appearances
They would just have a simple credential and they would be into that terminal.
You could imagine attacks where individuals would break in, get physical access to that terminal, and potentially they could send rogue Swift messages.
But equally as well, you could imagine hackers hacking into those computers, getting access to that Swift software and sending messages that were rogue as well.
Okay, so once you get access to Swift, what do you actually get access to?
At that point, you're in the vault.
You have everything.
Once you're on that swift terminal, you can begin to send messages to say, all this money that belongs to me, I want you bank to move it somewhere else.
And instantly out it goes.
It's even easier than a bank heist.
In a bank heist, not only you got to get into the vault, but you got to get that money out of the vault.
You got to load it into a van and you got to drive away somewhere.
You physically got to move that money.
When we're talking about Swift, it's just a digital zero once.
It's a simple chat message.
A single message will instantly cause that money to move to some offshore account that you no longer have any access to.
And that's precisely what North Korea's hackers did.
They studied Swift like a master safecracker studies the tumblers of a vault, and they reverse engineered the bank's connection to Swift until they found a vulnerability, one that allowed them to disable Swift's authentication checks.
And then they logged in, just like any other legitimate bank employee.
And so it took them months to understand that sort of vulnerability or this weakness in the software before they could conduct their attack.
Starting in January 2015, North Korea's hackers quietly broke into banks around the world, manipulating Swift and seeing what they could get away with.
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