Security Alerts & News
by Tymoteusz A. Góral

#1497 SWIFT confirms banks still being targeted, announces mitigation tool
SWIFT’s chief information security officer said Wednesday that the cooperative is still seeing cases where its customers’ environments have been compromised.

“The threat is persistent, adaptive and sophisticated – and it is here to stay,” Alain Desausoi, the cooperative’s CISO said, adding fraudulent attempts continue to be made through its network to trick banks to send payments.

Desausoi was speaking at the Financial Times Cyber Security Summit Europe in London. In a conversation with Kara Scannell, the publication’s investigations correspondent, the CISO touched on the security of SWIFT’s customers and described a new tool the cooperative, announced Tuesday, aimed at strengthening its customers existing fraud controls and designed to mitigate future cyber threats.

The tool, called Daily Validation Reports, will give banks and other clients the ability to review a daily summary of their messages. According to a press release issued by the Brussels-based cooperative, the tool is slated for release in December and will help customers verify message activity and tip them off to any unusual patterns.
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