The two concepts are not mutually exclusive, panellists argued on Tuesday.
Swift has launched Cloud Connect, an initiative that expands options for its customers adopting cloud services. The initiative covers large public cloud providers and Swift’s own private cloud platform.
As financial institutions increasingly opt for public cloud deployment, financial regulators worry about the stability and safety of such options.
Swift believes the securities markets are at risk of cyber attacks, echoing sentiments in an industry report which highlighted how the sector has more points of vulnerability than the payments industry, writes Jon Watkins
Organised crime, leveraging the dark web, is becoming far more effective in collaboration and sharing data about how to attack digital facilities and assets than those tasked with countering such threats, Sibos delegates were told yesterday, writes Roland Tellzen.