Cyber-attacks on SWIFT Systems of financial institutions

Minchuan Qin, Gabriela Mogos

Research output: Chapter in Book or Report/Conference proceedingConference Proceedingpeer-review

1 Citation (Scopus)

Abstract

From daily online payments to large financing transactions, online financial services make business behaviour convenient and fast. At the same time, attackers can use many means to damage this system. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) system sets up a series of message standards to regulate the communication message format between all users, which greatly improves the business efficiency. Hackers with financial knowledge can get more familiar with SWIFT messages and make the traditional cyber-attacks more targeted or develop more threatening trojan viruses. This paper focuses on studying the cyber-attacks on SWIFT systems. The paper presents three different attacks and discuss how each attack can damage SWIFT users and profit the hackers.

Original languageEnglish
Title of host publicationCSSE 2022 - 2022 5th International Conference on Computer Science and Software Engineering
Subtitle of host publicationConference Proceedings
PublisherAssociation for Computing Machinery
Pages596-599
Number of pages4
ISBN (Electronic)9781450397780
DOIs
Publication statusPublished - 21 Oct 2022
Event5th International Conference on Computer Science and Software Engineering, CSSE 2022 - Guilin, China
Duration: 21 Oct 202223 Oct 2022

Publication series

NameACM International Conference Proceeding Series

Conference

Conference5th International Conference on Computer Science and Software Engineering, CSSE 2022
Country/TerritoryChina
CityGuilin
Period21/10/2223/10/22

Keywords

  • pentesting.
  • security
  • vulnerabilities

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