SWIFT Tightens Security Measures After Banking Incidents

The SWIFT (Society for Worldwide Interbank Financial Telecommunication) network has warned banks that it expects them to deliver an “operational baseline” of appropriate security measures.

The tough stance from SWIFT comes after a spate of cyber attacks on the network. The Bank of England last month to order British banks to carry out a security review of systems connected to SWIFT.

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Story added 6. June 2016, content source with full text you can find at link above.