A Reuters report claims SWIFT for years neglected the security of its bank-to-bank messaging system has stirred debate among security and anti-fraud experts. Some experts call for SWIFT to take a leadership role on security, others argue that banks, not SWIFT, should take the lead. The Bangladesh Bank heist and other SWIFT-related thefts are “a banking problem, not a messenger problem,” one expert says. The report details how SWIFT apparently failed to proactively eliminate known vulnerabilities related to how its smaller banking customers use SWIFT messaging terminals.”]
Source: https://www.healthcareinfosecurity.com/analysis-swift-related-heists-whos-to-blame-a-9352