White Paper
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) system is a network that enables financial institutions to send and receive information about financial transactions in a secure, standardized, and reliable environment. The SWIFT network links more than 11,000 financial institutions in more than 200 countries and territories worldwide, and as such, requires a level of trust between member institutions to ensure the integrity of the network. The SWIFT financial network is a closed system with well-integrated internal security, and as such, banks view messages sent via the SWIFT network as inherently trustworthy. Unfortunately, the SWIFT network has increasingly become a target of attackers over the past few years and traditional security measures are no longer sufficient to deter and stop attackers.
