SWIFT promises to help financial firms spot related fraud and better share information about unfolding threats. CEO: “Cyber concerns are not new to us at SWIFT. Indeed, cyber risk has been the main thing to keep me awake at night” Security experts have been asking if SWIFT shouldn’t be doing more to help users stay secure, for example by creating security regulations – modeled on the Payment Card Industry’s Data Security Standard – with which users would have to comply. Officials in some countries have also been asking SWIFT how it plans to help customers better secure themselves.”]
Source: https://www.fraudtoday.io/swift-promises-security-overhaul-fraud-detection-a-9133