PYMNTS-MonitorEdge-May-2024

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 Tells Banks To Share Security Issues
SWIFT Tells Banks To Share Security Issues
May 23, 2016  |  Security & Fraud

SWIFT network is urging banks to share information on fraud attacks to prevent hacks in the future. The request comes on the heels of the Bangladeshi...

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Bangladesh Taps SWIFT Into Technician Investigations
Bangladesh Taps SWIFT Into Technician Investigations
May 19, 2016  |  Security & Fraud

Among the latest developments in the ongoing investigation into the $81 million stolen in a cyberheist: Bangladesh has asked global financial network SWIFT to help...

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JPMC Reduces Some Employees’ Access To SWIFT System
JPMC Reduces Some Employees’ Access To SWIFT System
May 18, 2016  |  Security & Fraud

According to Wall Street Journal reports, JPMorgan Chase has limited access to the SWIFT interbank messaging service for some of its employees following a set of...

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Bangladeshi Heist Linked To 2014 Sony Hack
Bangladeshi Heist Linked To 2014 Sony Hack
May 16, 2016  |  Security & Fraud

The search for the Bangladesh cyberheist fraudsters has taken an interesting turn with new research indicating the involvement of the same hackers behind the 2014...

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PYMNTS Data Dive | Why Can’t We Be Friends Edition: Walmart, Central Banks And Google
PYMNTS Data Dive | Why Can’t We Be Friends Edition: Walmart, Central Banks And Google
May 16, 2016  |  Security & Fraud

Most weeks at PYMNTS, we feel like financial news reporters — mostly, because that’s what we are. But, every so often, we get to feel...

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Fed, SWIFT, Bangladeshis Align To Find Missing $81M
Fed, SWIFT, Bangladeshis Align To Find Missing $81M
May 11, 2016  |  Security & Fraud

During a recent meeting in Basel, Switzerland, to discuss the $81 million cyberheist at the central bank of Bangladesh, representatives from the Federal Reserve Bank...

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Are SWIFT Technicians To Blame For Bangladesh Bank Heist?
Are SWIFT Technicians To Blame For Bangladesh Bank Heist?
May 09, 2016  |  Security & Fraud

Bangladeshi police and banking officials say that the connection of SWIFT messaging to a new bank transaction system could have led to the $81 million...

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SWIFT Boosts Asia Presence Despite Bangladeshi Hack
SWIFT Boosts Asia Presence Despite Bangladeshi Hack
May 05, 2016  |  B2B Payments

SWIFT may be dealing with damage control in Bangladesh after reports emerged that cyberthieves likely hacked into the global financial platform’s software to steal $81...

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