A SWIFT response to threats: how the global financial network safeguards itself against compromise and theft

In the digital era, cyber-security is – or should be – a prime concern for Australian organisations of all stripes and sizes. The Australian Cyber Security Centre’s 2017 Threat Report notes the existence of thousands of adversaries around the world, Read More …

After security disasters, banks using SWIFT messaging platform face new regulations in 2018

In 2018, all banks using the SWIFT messaging platform will be required to comply with a new cybersecurity framework that aims to establish a baseline for security. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. Banks use the closed network Read More …

Hackers Now Have Incredibly Sophisticated Ways to Breach Banks’ Defenses

Global banks need to do more to protect themselves from cyberattacks after a “significant evolution” in the threat level in the last 18 months, according to the SWIFTglobal payments network. Hackers are deploying increasingly sophisticated ways of breaching banks’ cyber defenses Read More …