In an effort to combat an increasing number of fraudulent transfers carried out using its network, SWIFT, the international bank transfer network, announced this month that it is adding new tools and controls designed to...more
4/18/2017
/ Banking Sector ,
BSA/AML ,
Cyber Attacks ,
Cyber Crimes ,
Financial Institutions ,
Fraudulent Transfers ,
Hackers ,
Money Transfer ,
Popular ,
Risk Management ,
SWIFT
As cyber-attacks involving the global payment system SWIFT increase in frequency abroad, U.S. regulators are discussing steps designed to protect against similar attacks on U.S. financial institutions. The Federal Reserve,...more
An unnamed bank in Ukraine is the most recent victim in a series of cyber-attacks exploiting vulnerabilities in the international banking communications system. According to an independent IT monitoring organization, hackers...more
7/7/2016
/ Banking Sector ,
Banks ,
Cyber Attacks ,
Cyber Crimes ,
FFIEC ,
Financial Institutions ,
Hackers ,
Money Transfer ,
Risk Assessment ,
Risk Mitigation ,
SWIFT