SWIFT Customer Security Programme (CSP)
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) requires financial organizations to maintain adequate and up-to-date cyber security defenses through its Customer Security Programme (CSP). This program mandates users to attest to their compliance with the SWIFT Customer Security Controls Framework (CSCF) and share this attestation with their counterparts.
The latest version of the CSCF (v2022) comprises 31 controls (22 mandatory and 9 advisory) aligned with international standards such as NIST, PCI DSS, and ISO 27002. These controls are structured around three objectives: ‘Secure your Environment’, ‘Know and Limit Access’, and ‘Detect and Respond’, all supported by 8 underlying principles.
Gap analyses to identify areas of non-compliance with CSCF and ISO 27001.
Development of information security management systems aligned with CSCF and ISO 27001.
We conduct thorough assessments of your existing information security frameworks, management systems, and controls. This includes a detailed review of your documentation and working practices against the requirements of the SWIFT CSCF and relevant ISO 27001 clauses (4-10) and Annex A controls.
Service Benefits
Our comprehensive cybersecurity solutions for SWIFT CSP offer:
- Enhanced protection of sensitive financial data.
- Reduced risk of potential security breaches impacting SWIFT operations.
- Ensured compliance with SWIFT CSP requirements and industry regulations.
- Maintenance of data integrity and confidentiality within the SWIFT network.
- Proactive identification and management of threats targeting SWIFT infrastructure.
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What are the key elements for ensuring effective SWIFT CSP compliance?
Key elements include a thorough risk assessment of your SWIFT environment, development of robust security policies and procedures aligned with the CSCF, comprehensive employee training on SWIFT security requirements, and continuous monitoring of your controls and environment.
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How can we ensure our SWIFT-related data remains secure during a cyberattack?
Implementing well-defined incident response plans specifically for SWIFT-related incidents, maintaining secure data backups, and enforcing strict access controls to your SWIFT infrastructure are crucial for protecting data during cyberattacks.
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What are the benefits of regular security audits in the context of SWIFT CSP?
Regular security audits help identify vulnerabilities in your SWIFT environment, ensure ongoing compliance with the CSCF, and contribute to an improved overall security posture, ultimately reducing the risk of SWIFT-related security incidents and ensuring successful attestation.