SWIFT Calls in Reinforcements to Help Police Cyber Security

[kreslik.news]

Amidst months of questions surrounding SWIFT and the subsequent breach of its interbank messaging network, the group has faced ramped up pressure to bolster its cyber defenses, which culminated in the recruitment of security specialists to help reinforce its overall execution.

SWIFT has faced an uneasy year, which reached a nadir in an attempted $1 billion heist that resulted in the theft of $81 million from the Central Bank of Bangladesh. Despite mutual finger pointing, allegations arose of negligence on SWIFT’s side, after technicians failed to properly account for basic security protocols that may have left the bank vulnerable ... (read more)