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G7 Boost Banking Cybersecurity as New SWIFT Threat Emerges

12
Oct
2016
G7 Boost Banking Cybersecurity as New SWIFT Threat Emerges

ukraine-banking-hack

The G7 group of leading economies laid out a new framework for battling the hacking of financial institutions Tuesday as a new threat using the SWIFT interbank network emerged.

Reacting to a rise in hacking incidents that have robbed banks of everything from client databases to hundreds of millions of dollars, the G7 group issued a set of principles for banks to implement cyber-security programs.

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