Welcome []...2017/08/01  · Welcome Alain Raes Chief Executive, APAC & EMEA SWIFT 2 “I am...

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Welcome Alain Raes Chief Executive, APAC & EMEA SWIFT

Transcript of Welcome []...2017/08/01  · Welcome Alain Raes Chief Executive, APAC & EMEA SWIFT 2 “I am...

Page 1: Welcome []...2017/08/01  · Welcome Alain Raes Chief Executive, APAC & EMEA SWIFT 2 “I am convinced that there are only two types of companies: those that have been hacked and those

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

Page 3: Welcome []...2017/08/01  · Welcome Alain Raes Chief Executive, APAC & EMEA SWIFT 2 “I am convinced that there are only two types of companies: those that have been hacked and those
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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