Deceptions Everywhere ®

Insights on threat and cyber risk trends, use cases for deception technology
and strategies for combatting targeted attacks

Stepping Up Cyber Defense for Wire Transfers: SWIFT CSCF Compliance

Posted by Guy Rosenthal on Dec 13, 2018 5:15:22 PM

The Society for Worldwide Interbank Financial Telecommunication, known as SWIFT, became a household name in 2016, when hackers breached Bangladesh Bank's SWIFT wire transfer system and made off with almost $81 million. More than a dozen other banks around the world were hit with similar cyberattacks. Although compromised wire transfer systems haven't made headlines lately, they're still happening—and starting to appear in the consumer world.

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