After trio of hacks, SWIFT addresses information sharing concerns

SC Magazine

On the heels of published reports of a cyberattack last year in which hackers stole $9 million from an Ecuadorean bank, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has issued a statement to its customers stating that the financial messaging system is taking steps to create more information sharing practices among its customers.

EventTracker’s CEO, A.N. Ananth, responds in this SC Magazine article, saying that “information sharing is an urgent imperative. When attacks occur, early warning and expert advice can mean the difference between business continuity and widespread business catastrophe.”