SWIFT CSP compliance review

What is SWIFT CSP?

Banking information is one of the most important to protect. That's why recent high-profile cyberattacks on clients using the WorldWide Interbank Financial Telecommunications Company (SWIFT) are so significant. Deloitte can help business leaders navigate factors associated with the implementation of SWIFT's Customer Safety Control Framework (CSCF), as well as respond to SWIFT requests.
In response to recent cyberattacks, SWIFT has issued basic security requirements through its customer safety control framework. Although the SWIFT network itself was not compromised in the attacks, in some cases hackers successfully broke into the local operating environment established by SWIFT users. To reduce cyber-criminals ability in the future to exploit weaknesses in the local environment of SWIFT users, SWIFT created the Customer Safety Program (CSP).
CSP is a program designed to help organizations that use Swift design, review, and implement specific cybersecurity controls for their local environment. The SPRS focuses on three areas that are strengthening each other. Customers will first have to protect and secure their local environment (you), and then it is about preventing and detecting fraud in your commercial relationships (your partners), continuously exchanging information and preparing to defend against future cyber threats (your community).

How can Deloitte help?

  • We help our clients harmonize with SWIFT regulation
  • We conduct compliance reviews through the GAP analysis service, in relation to regulatory requirements. According to the analysis, we comprise a compliance report in relation to the requirements of the regulations with recommendations for improvement and harmonization.