U.S. banks and credit unions should brace themselves for more regulatory scrutiny of bank-to-bank payments, experts say. The FBI and the Federal Financial Institutions Examination Council have issued alerts calling attention to the risks associated with interbank messaging and wholesale payments. Financial fraud experts say smaller institutions should not think they are immune to this risk. The vulnerabilities that allowed the SWIFT-related heists to be successful were simply not, until recently, a banking expert says. As SWIFT is over-reliant on PKI [public key infrastructure] to defend its ecosystem, cybercriminals are compromising the private keys.”]
Source: https://www.cuinfosecurity.com/will-swift-related-heists-trigger-more-regulatory-oversight-a-9183