Last Thursday, another major breach hit the news, as British Airways announced that its website and mobile application had been compromised by criminals, which resulted in the theft of 380,000 customer transactions details.
The airline discovered that bookings made between August 21 and September 5 had been infiltrated in a “very sophisticated, malicious criminal attack”, with cyber-criminals obtaining names, street names, email addresses, credit card numbers, expiry dates and even security codes. BA reports that only customers who booked travel and made purchases on the BA site or mobile application within that time window were affected by the breach. Thankfully, stored credit card details are not at risk.
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
London, UK, 29 June 2017 – Reports of an outbreak of the malware strain Petya hit the news earlier this week. The malware seems to have spread throughout Eastern Europe with only a small number of reported attacks outside of this area.
London, UK, 12 May 2017 – You will all have seen the news today regarding a global ransomware attack that has hit many NHS trusts in the UK. Despite initial reports, this attack is not specific to the NHS but is targeting all organisations with unpatched systems. There are several ways
London, UK, 12 May 2017 – You will all have seen the news today regarding a global ransomware attack that has hit many NHS trusts in the UK. Despite initial reports, this attack is not specific to the NHS but is targeting all organisations with unpatched systems.