Fraud , Fraud Management & Cybercrime , ISMG Security Report

The Backstory Behind the SWIFT-Related Thefts

Also: Reports on Trustable Computing, National Spending on Cybersecurity
The Backstory Behind the SWIFT-Related Thefts

In this edition of the ISMG Security Report, Executive Editors Tracy Kitten of BankInfoSecurity and Mathew J. Schwartz of DataBreachToday provide the backstory behind the SWIFT-related theft of $81 million from the central bank of Bangladesh and subsequent incidents, as well as their impact on the regulation of financial institutions.

In this report, you'll also hear:

  • Bob Bigman, the longtime CISO at the Central Intelligence Agency who now serves as CEO of 2BSecure, discuss how enterprises can boost the "trustability" of their systems as technologies rapidly evolve;
  • Jeremy Kirk, ISMG managing editor for security and technology, explain why some cybersecurity experts believe Australia isn't spending enough on its cyberdefense; and
  • A report on how a drone sports what could be the world's most secure operating system.

The ISMG Security Report appears on this and other ISMG websites on Tuesdays and Fridays. Please check out our May 31 and June 1 reports, which respectively examine global breach notification and the cybersecurity framework. The next ISMG Security Report will be posted Friday, June 10.

Theme music for the ISMG Security Report is by Ithaca Audio under a Creative Commons license.




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