The SWIFT interbank messaging network plans to begin offering voluntary “daily validation reports” to customers in December. The move is designed to provide an “out of band” view of an institution’s messages. The pending anti-fraud feature follows the February theft of $81 million from the central bank of Bangladesh’s account at the Federal Reserve Bank of New York via fraudulent SWIFT messages. About 11,000 institutions in more than 200 countries use SWIFT’s messaging software and network. SWIFT has not publicly disclosed pricing for that service.”]
Source: https://www.cuinfosecurity.com/swift-announces-fraud-pattern-detection-controls-a-9405