Forty years ago, banks and financial services institutions from around the world came together to form a cooperative utility, known as the Society for Worldwide Interbank Financial Telecommunication (SWIFT), to create standards, products, and services that would ease the understanding of financial messages, bridging different languages and systems.
However, the recent spate of cyberattacks against banks and financial services organizations, where funds have been stolen leveraging the SWIFT platform has created the need to develop a series of security standards for their client entities to employ and enforce.
Download this white paper to learn:
- The security challenges SWIFT encountered
- The Security Control Framework that it has mandated and advised
- How SWIFT's banking and FSI clients can use isolation to address the objectives, principles and controls being put in place to better secure inter-bank transfers and messages
Complete the online form below to download our white paper