SWIFT speaks on fraudulent messages and the security moves the cooperative is making to assist its customers

The February 2016 attack on Bangladesh Bank involved the sending of fraudulent SWIFT messages from the banks environment. The criminal hackers intention is to compromise the banks environments in order to gain their SWIFT credentials. The SWIFT cooperative has instituted measures to help their customers prevent, detect, stop or retrieve the fraudulent messages. In 2016 SWIFT recorded a FIN traffic peak day of over 30 million messages, according to Pat Antonacci, Head of Customer and 3rd Party Engagement for the CSP.”]

Source: https://www.csoonline.com/article/3154447/swift-speaks-on-fraudulent-messages-and-the-security-moves-the-cooperative-is-making-to-assist-its.html