The Intelligence Download

Follow The Money - SWIFT and BAE Systems

September 24, 2020

In this episode of The Intelligence Download, we speak with Brett Lancaster, Head of the Customer Security Programme at SWIFT, and Simon Viney, Cyber Security Financial Services Sector Lead at BAE Systems Applied Intelligence about the SWIFT commissioned BAE Systems report “Follow the Money”.

The report describes the complex web of money mules, front companies, and cryptocurrencies that criminals use to siphon funds from the financial system after a cyber-attack and highlights the ingenuity of money laundering tactics to obtain liquid financial assets and avoid any subsequent tracing of the funds.

Our unique financial sector threat intelligence ensures we have the most current view of the threats relevant to SWIFT members. We have been working with SWIFT since July 2016 to provide rapid insight, advice and solutions to SWIFT customers. Access our latest reports and insights.