$81M missing via SWIFT: How banks can protect payment networks #cybersecurity

by Ancoa | Case Study

SWIFT, the global messaging network used by banks to send payment instructions, was forced to warn its customers last week that “a number of recent cyber incidents” had taken place on its system involving fraudulent messages sent by cyber thieves. Independent surveillance systems monitoring across the entire payment chain and providing end-to-end integrity validation can be installed in order to identify discrepancies and monitor abnormal patterns indicating potential attacks.

About Ancoa

Ancoa is a highly sophisticated, yet easy to deploy and use, surveillance and analytics platform for exchanges, brokers-dealers, investment firms and regulators. We help firms detect market abuse and improve market integrity by providing greater visibility over trading behaviour.

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