We've known the NSA compromised SWIFT since 2013, that the US has control over SWIFT transactions since 2012, and that the US had been failing to guarantee the privacy of EU citizens' transactions on the network since 2011.
We've also known since last year that at least three separate hacks by three separate thieves stole millions of dollars from multiple banks after compromising the SWIFT network.
All 11,000 financial institutions connected to the network should just switch to sending their 15 million messages per day using iPhones. Problem solved.
"All 11,000 financial institutions connected to the network should just switch to sending their 15 million messages per day using iPhones. Problem solved."
iPhones are in U.S. jurisdiction. That's a bad idea. Instead, they should send P2P or through SWIFT-like intermediary with signed messages GPG-style over TLS-style links via dedicated lines or Internet lines with high-speed port knocking. It all can be done with highly-secure tech. The tech for bottom of stack from secure CPU's to secure kernels even exists already. SWIFT or some other setup just has to buy it with that pile of money they have.
We've also known since last year that at least three separate hacks by three separate thieves stole millions of dollars from multiple banks after compromising the SWIFT network.
All 11,000 financial institutions connected to the network should just switch to sending their 15 million messages per day using iPhones. Problem solved.