SWIFT

The Society for Worldwide Interbank Financial Telecommunication, legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.

Source: en.wikipedia.org

Today In Data: True Digital Security May Not Happen Because Of Cyber Crime
Today In Data: True Digital Security May Not Happen Because Of Cyber Crime
June 12, 2017  |  Today In Data

Digital security may just be a pipe dream that society will always be chasing. With each new digitally infused product or service that opens up to...

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$81 Million Bangladesh Cyber Heist Cuts Into SWIFT’s Earnings
$81 Million Bangladesh Cyber Heist Cuts Into SWIFT’s Earnings
June 12, 2017  |  Security & Fraud

Whenever there’s a breach in security, it’s never good news. This especially holds true when there’s any level of financial loss in the mix. Get the...

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SWIFT Lets Treasurers Track Global Transactions In Real-Time
SWIFT Lets Treasurers Track Global Transactions In Real-Time
May 24, 2017  |  B2B Payments

With lack of visibility into the correspondent banking system a top challenge for B2B payments, SWIFT is rolling out a way for payers to track...

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SWIFT Releases Customer Security Guidance
SWIFT Releases Customer Security Guidance
May 23, 2017  |  Security & Fraud

SWIFT announced Monday (May 22) that it is setting global customer security standards and boosting its overall transparency on cybersecurity among users of the SWIFT network....

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SWIFT Urges Cybersecurity Info Sharing With New Portal
SWIFT Urges Cybersecurity Info Sharing With New Portal
May 16, 2017  |  B2B Payments

With FIs still reacting to last year’s series of cybersecurity attacks, during which hackers infiltrated banks via their connectivity to the SWIFT network, SWIFT has...

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Hackers Leveraged SWIFT Gaps To Pull Off Heists
Hackers Leveraged SWIFT Gaps To Pull Off Heists
May 01, 2017  |  Security & Fraud

Hackers took advantage of gaps in cybersecurity coverage at the periphery of the Society for Worldwide Interbank Financial Telecommunication’s (SWIFT) network — which enables cross-border banking...

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Why Banks — And Corporates — Still Feel The Heat From The SWIFT Hack
Why Banks — And Corporates — Still Feel The Heat From The SWIFT Hack
May 01, 2017  |  B2B Payments

It’s been more than a year since Bangladesh’s central bank was attacked by cybercriminals that took away $81 million by infiltrating the bank’s connection to...

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Bottomline Technologies Launches Payment Fraud Solution For SWIFT Members
Bottomline Technologies Launches Payment Fraud Solution For SWIFT Members
April 19, 2017  |  Security & Fraud

Bottomline Technologies, a provider of technology solutions to help businesses pay and get paid, announced Tuesday (April 18) that it is leveraging its experience in...

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Union Bank of India Cyberattack Eerily Similar To Bangladesh Heist
Union Bank of India Cyberattack Eerily Similar To Bangladesh Heist
April 11, 2017  |  Security & Fraud

The Union Bank of India was hit by a cyberattack last July that mimicked he same attack that took place against Bangladesh central bank’s account...

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