Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

9/28/2016
09:55 AM
50%
50%

SWIFT Toughens Customer Security With New Mandatory Rules

Measures to include set of core safety standards and assurance framework requiring annual self-attestation by SWIFT members.

In a move towards strengthening customer security, SWIFT -- the financial services secure messaging network that has been leveraged by attackers in several multimillion-dollar thefts -- has announced new security measures that will be mandatory for its clients in March 2017, a release on its website said. The steps include a set of core safety standards to address customer environment security and an associated assurance framework requiring annual self-attestation by customers against 16 necessary controls.

SWIFT customers will get an overview of the measures by the end of next month and for two months the global networking system will conduct community feedback sessions before a final release. Customers will start self-attestation from the second quarter of 2017.

Clients’ compliance status will be made available to counterparts from Jan. 1, 2018, following which SWIFT will conduct inspections to source out non-compliant customers. Randomly selected members could be asked to provide additional assurance.

“We recognize that this will be a long haul, and will require industry-wide effort and investment, as well as active engagement with regulators,” chairman Yawar Shah said.

Read more details here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 4/7/2020
The Coronavirus & Cybersecurity: 3 Areas of Exploitation
Robert R. Ackerman Jr., Founder & Managing Director, Allegis Capital,  4/7/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
State of Cybersecurity Incident Response
State of Cybersecurity Incident Response
Data breaches and regulations have forced organizations to pay closer attention to the security incident response function. However, security leaders may be overestimating their ability to detect and respond to security incidents. Read this report to find out more.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-1990
PUBLISHED: 2020-04-08
A stack-based buffer overflow vulnerability in the management server component of PAN-OS allows an authenticated user to upload a corrupted PAN-OS configuration and potentially execute code with root privileges. This issue affects Palo Alto Networks PAN-OS 8.1 versions before 8.1.13; 9.0 versions be...
CVE-2020-1991
PUBLISHED: 2020-04-08
An insecure temporary file vulnerability in Palo Alto Networks Traps allows a local authenticated Windows user to escalate privileges or overwrite system files. This issue affects Palo Alto Networks Traps 5.0 versions before 5.0.8; 6.1 versions before 6.1.4 on Windows. This issue does not affect Cor...
CVE-2020-1992
PUBLISHED: 2020-04-08
A format string vulnerability in the Varrcvr daemon of PAN-OS on PA-7000 Series devices with a Log Forwarding Card (LFC) allows remote attackers to crash the daemon creating a denial of service condition or potentially execute code with root privileges. This issue affects Palo Alto Networks PAN-OS 9...
CVE-2020-10978
PUBLISHED: 2020-04-08
GitLab EE/CE 8.11 to 12.9 is leaking information on Issues opened in a public project and then moved to a private project through Web-UI and GraphQL API.
CVE-2020-10979
PUBLISHED: 2020-04-08
GitLab EE/CE 11.10 to 12.9 is leaking information on restricted CI pipelines metrics to unauthorized users.