SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It’s a network that many banks use to facilitate the transfer of money to banks in different countries. The network ...

The SWIFT network primarily facilitates the transfer of payments, securities, and Treasuries between said parties the world over. SWIFT codes are a string of eight to 11 alphanumeric identifiers ...

A series of recent cyberattacks targeting banks raises questions about the security of Swift, the global messaging network that is the backbone of payment services for more than 11,000 ...