Matthew RosenquistFounder & CISO Advisor, Cybersecurity Insights · CISO, Cybersecurity Strategist, & Industry Advisor

Cybersecurity Risks with Blockchain in Finance #cybersecurity #blockchain

4 Oct 2025 · 1 min

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SWIFT and 30+ global banks are building a blockchain ledger for worldwide payments. While blockchain offers security benefits, a single vulnerability could expose the entire financial system to catastrophic attacks.

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There is news in the finance sector that is important to cybersecurity. SWIFT and over 30 banks that service over 200 countries have announced they will develop a blockchain-based shared digital ledger to support global payments. Now, I'm a fan of blockchain technology, but with its rise in traditional finance, we must prepare for a greater focus by cybercriminals. The good news is blockchains have some inherent security and resilience benefits, but the downside is that the technology is relatively new in the global finance sector. One mistake or vulnerability could have severe repercussions and be a windfall for the attackers.