Apparently, some customers of the SWIFT cooperative for financial messaging and related systems have been enduring an onslaught of cyber-attacks, even throughout the end of 2016 and after SWIFT began pushing to make cyber protections mandatory. A SWIFT public relations representative confirmed last week that a letter was sent to customers in early November, a… Read More >>
SWIFT Confirms Ongoing Cyber-Attacks Upon Clients
SWIFT officials confirm that they have uncovered new cases of “input fraud” via hackers attempting to harm member/customers of the financial messaging and services cooperative. The cooperative has not revealed the identity of the financial services firms that were most recently harmed or the amounts of money involved. In response to questions from FTF News,… Read More >>
SWIFT Fights Back Against Cyber Threats
SWIFT, operator of the world’s largest money-transfer system, hired information security vendor BAE Systems and consultant Fox-IT to work alongside a new in-house team of security experts. The aim is to sharpen its monitoring and response time following a series of cyber-attacks over the past year. According to the company, the outside firms “will complement… Read More >>
SWIFT Moves to Allay Fears over Cyber-Attacks
SWIFT is hoping to allay fears across its network with a new five-point program after three hacking incidents. The aim is not only to tighten its own defenses but ensure that its members are also reinforcing security within their own walls. Over the past year, the Belgium non-profit cooperative group has been indirectly involved in… Read More >>
Hackers Collective Declares Cyber War on Financial Services
A collective of hackers known as “Anonymous,” has declared a 30-day war on “all central banks” across the globe, the Nasdaq stock market, the Bank for International Settlements, the International Monetary Fund, the London Stock Exchange, and major outlets for consumer-oriented financial services. The hackers have claimed their first victim, the Central Bank of Greece,… Read More >>
Should the Victims of Hackers Speak Out?
The shocking story that seven hackers in Iran with the help of their government could launch cyber-attacks against 46 U.S. financial services firms and two exchanges got about 30 seconds of attention in the U.S. media, overshadowed by the idiocy of the U.S. presidential campaign, and then justifiably by the heartbreak of recent terrorist attacks… Read More >>
Tough NY State Data Security Bill Worries Wall Street
A new data security law proposed by New York’s Attorney General Eric Schneiderman could be a boon for cyber-security vendors, and have consequences that reach far beyond New York State, industry observers say. The bill, proposed in late January, seeks to impose tougher disclosure requirements for companies affected by cyber-breaches and heighten standards for data… Read More >>
Wynyard Hires from British Intelligence Agency
Cyber-security vendor Wynyard Group has hired Andrew France OBE, the former deputy director of cyber-defense operations at British intelligence agency Government Communications Headquarters (GCHQ) as its new strategic advisor of intelligence, officials say. France spent the last years of his GCHQ career developing a national cyber-defense strategy for the U.K., and his hiring reflects a… Read More >>
Fear of Cyber-Attacks Rises Among Financial Services Firms
A new DTCC survey finds that financial services firms now cite cyber-security issues as one of their top concerns as the frequency of major cyber-attacks and security breaches has increased. A “record 84% of respondents” to the post-trade services utility’s Systemic Risk Barometer named cyber-risk as one of their top five concerns, which represents an… Read More >>
