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SWIFT

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ALSO CALLED: SWIFT (Messaging Format), Society for Worldwide Interbank Financial Telecommunication
DEFINITION: Founded in Brussels in 1973, the Society for the Worldwide Interbank Financial Telecommunication (SWIFT) is a co-operative organization dedicated to the promotion and development of standardized global interactivity for financial transactions. SWIFT's original mandate was to establish a global communications link for data processing and a common language for international financial transactions. The  … 

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SWIFT Reports
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SWIFT Banking System Boosts Security Following Cyberattacks
sponsored by BAE Systems Applied Intelligence
EGUIDE: Following a number of attacks on the SWIFT banking system that led to the theft of millions of dollars, SWIFT promised new rules to improve security for bank transfers. In this e-guide, we examine these targeted malware attacks and explore SWIFT's response to them. Find out if their 5-part strategic program was enough to bolster security.
Posted: 24 Feb 2017 | Published: 24 Feb 2017

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