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

Attempted Cyberattack Cost Turkish Bank $4M
Attempted Cyberattack Cost Turkish Bank $4M
December 19, 2016  |  Security & Fraud

Turkey’s Akbank financial institution was targeted by hackers via the SWIFT global money transfer system earlier this month. While the bank confirmed no customer data...

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Hackers Won’t Let SWIFT Catch A Break
Hackers Won’t Let SWIFT Catch A Break
October 14, 2016  |  Security & Fraud

Another day, another cyberthreat on SWIFT. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Another Group of Hackers Target Swift, According To Symantec
Another Group of Hackers Target Swift, According To Symantec
October 12, 2016  |  Security & Fraud

A second hacking group is targeting banks through the Swift Inerbank Messaging system, according to a report out from cyber-security firm Symnatec yesterday (Oct. 11)....

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SWIFT Stands Behind Its Global Payments Innovation Initiative
SWIFT Stands Behind Its Global Payments Innovation Initiative
October 06, 2016  |  B2B Payments

SWIFT’s year has been filled with controversy, the apex of which occurred when reports surfaced that cyberthieves infiltrated Bangladesh Bank via the SWIFT messaging system in...

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Banks Boost Security Of SWIFT Networks
Banks Boost Security Of SWIFT Networks
September 30, 2016  |  Security & Fraud

Global banks using SWIFT networks, the global interbank messaging system used to move trillions of dollars each day, are stepping up their security systems amid...

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SWIFT Reveals Three Customer Cyberbreaches During The Summer
SWIFT Reveals Three Customer Cyberbreaches During The Summer
September 28, 2016  |  Security & Fraud

SWIFT, the interbank message carrier, revealed that customers had three new cyberbreaches over the summer and cautioned that attacks against banks in the network are...

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Understanding Corporates’ Faster Payments Strategies
Understanding Corporates’ Faster Payments Strategies
September 27, 2016  |  B2B Payments

Amid the rollout of Same Day ACH — in the midst of several other faster, digital payments initiatives and in a market where B2B payments seem...

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Winners Outweigh Losers In Payments Stocks
Winners Outweigh Losers In Payments Stocks
September 26, 2016  |  Stock Index

The PYMNTS Stock Index saw, on balance, more of a push toward positive momentum than negative. The biggest movers included Blackhawk Network Holdings, which gained...

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SWIFT Sets Sights On Smart Contracts
SWIFT Sets Sights On Smart Contracts
September 23, 2016  |  B2B Payments

SWIFT is the latest FinTech player to perk up at the thought of using distributed ledger technology for business transactions. Get the Full Story Complete...

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