Connect with us

Hi, what are you looking for?


SWIFT announces slew of initiatives to bolster security

SWIFTIn the wake of recent banking heist at Bangladesh central bank, the Society for Worldwide Interbank Financial Telecommunication has announced a slew of initiatives to bolster the security of its messaging platform. It has hired two cyber security firms, BAE Systems and Fox-IT2, to reinforce in-house expertise. SWIFT has also set up a team to share cyber defence ‘best practice’ among its customers. It will also set up a forensics and customer security intelligence team to investigate security incidents at customers. The team will help in the collection and sharing of anonymised information with customers on how best to deal with hackers. According to SWIFT chief technology officer Craig Young the information from banks that have been subject to fraud attempts was crucial for identifying new malware. SWIFT said its information-sharing initiative has grown significantly since its launch, and now includes detailed intelligence and analysis on the modus operandi of attackers in recent customer fraud cases. In addition SWIFT has published an inventory containing some of the specific malware used in reported attacks, as well as indicators of compromise (IoCs) that SWIFT has developed to assist other customers in detecting threats operating in their environments, it said.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.