Here is a link to a photo essay on making bandaged cheese at New England cheese supply. Scroll down and you will see the mold as it starts to spread.
http://www.cheesemaking.com/store/pg/23.html
If you got to this link at Ford Farms you can see inside their aging cave. When you hit the link it will take you to Wooky Cave and it looks like a game site or something but be patient it takes a moment to load. You will see rack after rack of molded bandaged cheese.
http://www.fordfarm.com/default.aspx?p=cave
Boy would I ever love to come back as a mouse in that cave. If you look at their products you will see that they also sell a small bandaged cheese about the size that we make in their product line.
I am not sure that I would wipe it off. You should have lard along with the cheese cloth that you bandaged the cheese with and this should seal it up much like wax. I have six bandaged cheedars aging and they have all types and colors of molds on them and i am letting them do their own thing (that dates me) If I sqeeze the cheese it has the right feel so they are not drying out too much. I hve yet to taste them, however. Good Luck.