SWIFT Customer Security Controls Framework (CSCF) is introduced as measure to improve the security and transparency across the global financial community.SWIFT CSP focuses on 3 areas (a) Secure and Protect your local SWIFT environment (b) Prevent & Detect fraud in your counter party relationships and (c) continuously Share information and Prepare to defend against future attacks.
ValueMentor, being a SWIFT listed cyber security service provider, has access to vast knowledge base offered by SWIFT. We have conducted numerous SWIFT CSP Assessments and attestations which enables our customers benefit from our experience in protecting and defending their SWIFT infrastructure through effecient implementations of SWIFT CSCF.
SWIFT CSP Consultancy & Assessment Services
SWIFT CSP Gap Assessment
ValueMentor team of payment security professionals will perform gap assess of you SWIFT CSP controls against the SWIFT CSCF requirements. We will analyse both Mandatory and ADvisory SWIFT CSP controls. A SWIFT CSP gap assessment report along with remdiation plan will be provided.
CSCF Remediation Services
SWIFT CSP consultancy by ValueMentor offers advisory on technical implementation of solutions. We can perform vulnerability scanning and penetration testing for all related SWIFT applications and interfaces. We can also provide security monitoring services to meet the SWIFT CSP compliance requirements.
SWIFT CSP Attestation
ValueMentor can perform the SWIFT CSP Assessment of your SWIFT environment to perform initial and subsequent annual external assessments on your behalf. Our Managed compliance for SWIFT CSP ensures that you continuously meet the SWIFT CSP compliance requirements.
Perform a Penetration Testing
SWIFT CSP Remediation Services
Privileged Access Management
SWIFT CSP requires the the access to the SWIFT servers by privielged users are controlled. Our SIWFT advisory service helps you identify solutions to control and manage the privileged user access to the SWIFT servers.
Hardening & Patching
SWIFT CSP requires the SWIFT environment to be patched and hardened to prevent cyber attacks. Our advisory services provide assistance on hardening and patching the SWIFT environment.
Vulnerability Scanning & Penetration Tests
Periodic vulnerability scanning and penetration tests helps you identify security weakness in your SWIFT environment. Vulnerability scanning is a mandatory control while penetration testing is an advisory control
Identity Management & MFA
Our SWIFT advisory service helps you establish Identiy Management practices and identify solutions to meet the Multi-Factor authentication requirements
Logging & Monitoring
ValueMentor’s MDRSOC service can help you log the security events and monitor the anomalous actions and operations within the local SWIFT environment.
Incident Response Planning
An effective cyber incident plan will provide consistent and effective approach for the management of cyber incidents. ValueMentor can help you prepare IR plans
SWIFT customer security program FAQs
What is the SWIFT CSP?
SWIFT’s customer security program (CSP) prevents and detects and aims to prevent fraudulent activity through a set of mandatory security controls, community-wide information sharing initiatives and enhanced security features on their products
Should advisory controls be adopted?
Customers are required to implmenet all mandatory controls.However; the advisory controls are provided to reduce the attack surface and vulnerabilities, detecting anomalous activity to systems or transaction records, and planning for incident response and information sharing. These controls should be ideally selected after performing risk assessments.
Let us discuss your SWIFT CSP Assessment
In 2015 and 2016, a wide range of cyber-attacks were reported using the SWIFT banking network, resulting in the theft of millions of dollars. The hackers exploited the vulnerabilities in the banking system and gained access to the bank’s SWIFT credentials. Following...