Geo Focus: The United Kingdom , Geo-Specific , Information Sharing
What the SWIFT Attacks Teach Us about the Need for More Information Sharing
In the wake of the $81 million SWIFT transaction cyberheist from the Bank of Bangladesh - the first in a cascade of SWIFT-related heists - regulators and bankers throughout the world have stopped, taken a step back, and reviewed how interbank transactions and payments are managed and operated. The SWIFT attacks have taught the financial world a lot of things, such as the need for stronger user and transactional authentication, as well as the need for threat intelligence and information sharing. This session will review lessons all industries can learn from the SWIFT-related heists, especially where data protection and process and procedure are concerned.