SWIFT Customer Security Program (CSP)
As the primary messaging network used by SWIFT network member organizations when transferring money globally, SWIFT has a vested interest in keeping information on the network secure. Tens of millions of transactions are conducted via the network daily. As such, the SWIFT CSP is a means to prompt member organizations they work with to stay updated in terms of their security posture and defenses. The SWIFT CSP is designed to reinforce and raise the security standards of the global financial system. As part of the CSP, SWIFT mandates that all members complete an independent security assessment of their SWIFT environment and technology infrastructure by the end of the year, each year.
Axletree’s Professional Services
As a SWIFT listed Assessment provider, Axletree Solutions can conduct the SWIFT CSP Assessment for any entity connected to the global messaging network.
Axletree’s Professional Services Team of certified security Professionals are uniquely qualified to help your organization meet the SWIFT CSP requirements. Our Security experts maintain all of the industry-recognized security qualifications and certifications in this space, including but not limited to CISSP, ISO 27001 and CISM. We have expertise in SWIFT infrastructure, requirements, and cybersecurity protocols and are fully prepared to conduct the required independent review for our clients and prospects’ SWIFT environment from a security perspective, all following the SWIFT Customer Security Controls Framework. Our expertise becomes your competitive advantage!
We can conduct this type of review for organizations regardless of their current SWIFT connectivity infrastructure. You do not need to be an existing client of Axletree in order to take advantage of our SWIFT CSP independent assessment services. Please reach out to us by completing the form on this site to learn more about how Axletree is uniquely qualified to assist you.
There are SWIFT mandatory and advisory compliance controls listed in the the annual Customer Security Controls Framework, which is released each year with the most up-to-date requirements.
The SWIFT CSP assessment represents an assessment of your environment and infrastructure. Following a thorough review of adherence to security guidance and compliance with security features, the team will conduct a gap analysis with recommendations for remediation. Using these recommendations, we are then able to either complete the entire SWIFT CSP effort on your behalf, or we can provide supplemental expertise as needed for your internal audit team to complete the assessment actions.
Axletree’s Independent Assessment program is intended to ensure that the highest level of protection is deployed against security threats. It will identify any deviation on the framework compliance as set forth by SWIFT, along with subsequent executable remediation plans and testing.
Benefits of Axletree’s SWIFT CSP Assessment Services
Not only will you have the peace of mind of having experts handling the required independent assessment, but you’ll also have:
- Time and cost savings. Your internal security and audit team members can focus on other mission-critical efforts and enterprise risk management, rather than on this assessment.
- A complete report of findings and remediation. This report can be socialized internally with leadership and all key stakeholders to go forward with confidence.
- Fast implementation. You can avoid delays in SWIFT attestation, ensure that all deadlines are met, and prevent reputational risk. (SWIFT will publish institution names not in CSP compliance).
- Complete confidence in Axletree as a trusted partner. Our team maintains cybersecurity, infrastructure, and SWIFT expertise, which are all vital components for this independent assessment. We will also walk you through the entire submission process for the CSP certification to SWIFT.
With help from Axletree as your CSP partner today, you can ensure your organization is SWIFT CSP-compliant, in the most timely and cost-effective manner.
Professional Services
SWIFT CSP Program
If you transact globally using the SWIFT financial network, you need to have a thorough and independent security assessment of your internal SWIFT technology infrastructure a mandated under the SWIFT Customer Security Programme (CSP).
You must be complying by the end of the following year after the release of a new version of CSCF. to avoid being depicted as non-compliant by your counterparties and regulators, which might result in substantial reputational damage for your organization
As a premier certified SWIFT Service Bureau, we can help your organization comply with all CSP requirements. Our accredited, qualified, and experienced security and technical professionals are trained to conduct the required independent security review of your organization’s SWIFT ecosystem and technology infrastructure while ensuring complete adherence to the SWIFT Customer Security Controls Framework.
Begin your journey to SWIFT CSP compliance with Axletree now.
SWIFT does not certify, warrant, endorse or recommend any service provider listed in its directory and SWIFT customers are not required to use providers listed in the directory.