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

SWIFT Adds 22 Banks To Its Blockchain Proof Of Concept

SWIFT Adds 22 Banks To Its Blockchain Proof Of Concept
SWIFT Adds 22 Banks To Its Blockchain Proof Of Concept
July 07, 2017  |  Payment Methods

Secure financial messaging services provider SWIFT announced Thursday that 22 additional global banks had joined its blockchain proof of concept (PoC). The PoC is designed...

READ MORE >
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...

READ MORE >
$81 Million Bangladesh Cyber Heist Cuts Into SWIFT’s Earnings
$81 Million Bangladesh Cyber Heist Cuts Into SWIFT’s Earnings
June 12, 2017  |  Cybersecurity

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...

READ MORE >
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...

READ MORE >
SWIFT Releases Customer Security Guidance
SWIFT Releases Customer Security Guidance
May 23, 2017  |  Cybersecurity

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....

READ MORE >
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...

READ MORE >
Hackers Leveraged SWIFT Gaps To Pull Off Heists
Hackers Leveraged SWIFT Gaps To Pull Off Heists
May 01, 2017  |  Cybersecurity

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...

READ MORE >
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...

READ MORE >