September 2018 edition
“Today we are payments – tomorrow we are Banking Services”
Editorial by Marco Menotti, Head Business Unit Banking Services, SIX
The realignment of payment traffic at SIX.
Cyber security – It’s a race for time
Interview with Marc Hofmann, Chief Information Security Officer, SWIFT
Develop detection and defense strategies, create threat assessments, increase awareness of cyber risks and promote an exchange of experience within the community.
The future of payment security
In the age of advancing digitalization, the threats and security requirements are increasing exponentially. New strategies, tools and security features are indispensible in the battle against cybercrime.
Digital crown jewels of the Swiss financial center and cyber defense
The Swiss Value Chain forms the backbone of the Swiss financial center. The smooth and efficient functioning of its networked infrastructures – stock exchange, securities and payments processing – is equally a central prerequisite for the attractiveness of the financial center as is its resistance against cyber attacks. Because the question is not whether, but when such cyber attacks will happen.
EU data protection also for the Swiss financial center
The revised EU General Data Protection Regulation has been in effect since 25 May 2018. What does it contain? And whom does it impact? And what conse-quences does it have for the Swiss financial center and its payment traffic?
After the harmonization is before the harmonization
An important milestone has been reached: At the end of June 2018, more than 80% of Swiss companies had completed the ISO 20022 changeover in payment traffic. From this sustained dynamic it can be concluded that full-scale nationwide switchover will be achieved by the end of the year. This is also borne out by a representative survey conducted in the spring by gfs.bern. It indicated that 90% of those surveyed had already started a migration project and will have completed it by the end of the year. This paves the way to the QR-bill, which will be launched in mid-2020.