Curious about the legal fallout from recent cyberattacks on banks using the SWIFT system, but only have a few minutes to spare? Get up to speed with our inaugural "5 Minutes Max" video. Learn how the attacks worked, what the law says about who pays for the hacks, and how the hacks might reshape international wire transfers.

But if you have more than five minutes, you can read my previous posts on the SWIFT hacks here and here.

Click here to view video.