Does SWIFT encrypt data on its network?
Yes, SWIFT applies state-of-the-art encryption to all data transmitted over its network. Some of SWIFT’s services offer value-added processing features based on message data (for example message validation in the SWIFTNet FIN service). Message data is decrypted in SWIFT’s central systems, thus allowing the value-added processing to be performed. Message data is then re-encrypted before further transmission to the beneficiary SWIFT customer. As set forth in the SWIFT Data Retrieval Policy, ‘message data’ refers to the internal content of the message or file transfer. Please refer to the relevant Service Documentation for more information on encryption and value-added processing.
