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Welcome Alain Raes
Chief Executive, APAC & EMEA
SWIFT
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“I am convinced that there are only two types of companies: those that have been hacked and those that will be.”
Robert S. Mueller, FBI Director
Cyber is a significant and growing concern for our customers
3trUSD 1.4trUSD 45% 64bUSD 75%
Global value creation at risk from cyber by 2020
WEF 2015 report
Estimated loss to cyber crime Booz Allen study 2017
Corporate CFO’s name cybersecurity as a priority PwC Treasury Benchmark 2017
Annual IT spend on procuring cybersecurity services
Gartner, McKinsey study 2016
Cybersecurity function does not meet the needs of our organisation 124 executives surveyed in India, E&Y Report 2016-17
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Supporting customers in three mutually-reinforcing areas
SWIFT launched the Customer Security Programme to reinforce the security of the global banking system.
You Secure and Protect
SWIFT Tools Customer Security Controls Framework
Your Counterparts Prevent and Detect Transaction Pattern Detection – RMA, DVR and Payment Controls
Your Community Share and Prepare Intelligence Sharing SWIFT ISAC Portal
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Cyber Threat Evolution
Worms/ Viruses
Simple DDoS
Phishing Pharming
APTs Multi-Stage
Hacker Collaboration
Disruptive Attacks
Intrusive Attacks
Advanced DDoS
Sophisticated malware Attacks
The Unknown
2007 Today 2020 2001
Destructive Attacks
The current cybersecurity landscape is shifting from
traditional models that focus on solving yesterday's threats
to context-aware technologies.
Future cyber threats
would be even more
sophisticated and
organized than current
threats
Nuisance Fraud Disruptive Destructive
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85+ Country corridors
110+ Banks committed to gpi
200+ Countries
75% of cross-border payments on SWIFT
Banks live or implementing
20 January Launch of the gpi live service
A new world for corporates, facilitating trade in Asia Pacific