I posted an article about how SWIFT was going to start punishing their customer banks by disclosing the bank’s security gap in order to get them to comply. Well it looks like SWIFT is now trying to provide these banks with data reports to “supplement its customers’ existing fraud reports.” These reports include an Activity Report and Risk Reports. It will contain “a snapshot view” of the day’s “messaging activity against which to detect unusual pattern.” Basically, these reports will contain\u00a0the “messaging activity” data for the bank, and it will be compared to the data currently in the bank’s system. If there is a large discrepancy between the bank’s data and the report that SWIFT sends them, their might have been a cyber attack that altered that banks data. I don’t know if these reports will be any effective, but I guess its a start. By the time the reports show any abnormal pattern, the bank could have already lost millions of dollars due to a hack.<\/p>\n
http:\/\/www.securityweek.com\/swift-moves-combat-inter-bank-fraud<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
I posted an article about how SWIFT was going to start punishing their customer banks by disclosing the bank’s security gap in order to get them to comply. Well it looks like SWIFT is now trying to provide these banks with data reports to “supplement its customers’ existing fraud reports.” These reports include an Activity […]<\/p>\n","protected":false},"author":14261,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[715709],"tags":[],"class_list":{"0":"post-3518","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-week-05it-strategy","7":"entry"},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/community.mis.temple.edu\/itacs5211fall16\/wp-json\/wp\/v2\/posts\/3518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/community.mis.temple.edu\/itacs5211fall16\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/community.mis.temple.edu\/itacs5211fall16\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/community.mis.temple.edu\/itacs5211fall16\/wp-json\/wp\/v2\/users\/14261"}],"replies":[{"embeddable":true,"href":"https:\/\/community.mis.temple.edu\/itacs5211fall16\/wp-json\/wp\/v2\/comments?post=3518"}],"version-history":[{"count":1,"href":"https:\/\/community.mis.temple.edu\/itacs5211fall16\/wp-json\/wp\/v2\/posts\/3518\/revisions"}],"predecessor-version":[{"id":3519,"href":"https:\/\/community.mis.temple.edu\/itacs5211fall16\/wp-json\/wp\/v2\/posts\/3518\/revisions\/3519"}],"wp:attachment":[{"href":"https:\/\/community.mis.temple.edu\/itacs5211fall16\/wp-json\/wp\/v2\/media?parent=3518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/community.mis.temple.edu\/itacs5211fall16\/wp-json\/wp\/v2\/categories?post=3518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/community.mis.temple.edu\/itacs5211fall16\/wp-json\/wp\/v2\/tags?post=3518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}