Is the US Ready for Faster Payments?

  Image Source: Article

Image Source: Article

Before moving to faster payments, U.S. banks should scrutinize the security gaps exploited in the SWIFT-related bank heists and build effective risk-mitigation strategies that include stronger layers of authentication, financial fraud experts say.

After an $81 million SWIFT-related theft from the central bank of Bangladesh in February, SWIFT warned that a "wider and highly adaptive campaign" was underway.

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