New tool offers SWIFT network protection through deception

Attacks on the inter-bank SWIFT system have been making the headlines this year, proving lucrative for the hackers and worrying for the industry. Help is on the way though as Cyber security company TrapX is launching a deception-based security solution, DeceptionGrid, specifically designed protect SWIFT. "In the past year, SWIFT has been under attack by persistent cyber attackers, which have resulted in the theft of more than $100 million dollars from banks worldwide," says Greg Enriquez, CEO of TrapX. "These attacks demonstrate a broad knowledge of bank operations as attackers combine them with sophisticated tools and techniques to penetrate target… [Continue Reading]