Security and Risk Management
The Society for Worldwide Inter-bank Financial Telecommunications (SWIFT) provides a communications network that enables banks and other financial institutions to share information about international financial transactions. More than 11,000 organizations use SWIFT across 200 countries, SWIFT has released a framework of controls to help reinforce the security of its members, and in turn the wider global banking system.
Achu Limited can help your organization to introduce the security controls needed to meet evolving SWIFT compliance needs through SWIFT Customer Security Programme (CSP).
What is CSP?
The SWIFT Customer Security Programme (CSP) is a framework designed to help financial institutions and corporates improve their cyber security posture. All SWIFT members must submit an annual self-attestation of compliance with the controls outlined in the framework.
The deadline for SWIFT CSP compliance self-attestation on an annual basis by 31 December.
SWIFT CSP Development for year 2019-20
The SWIFT Customer Security Controls are articulated around three overarching objectives:
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Secure your Environment.
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Know and Limit Access.
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Detect and Respond.
These are defined by the 8 principles shown below and detailed in 27 controls.
What we do?
CSP Audit
Validation of successful alignment of controls with the SWIFT CSP guidelines resulting in a controls report under recognised standards (e.g. ISAE3000)
CSP Assessment
A detailed assessment of SWIFT CSP controls by leveraging our CSP accelerator. Build an automated tool using the latest API’s to connect to the back office systems and the SWIFT applications to complete the assessment.
Internal Audit
Work alongside your internal audit function to report on SWIFT CSP controls.
Why us?
AL will provide industry insight that is relevant to your market segment and geographical segment, as well as a balanced view on how to prioritise any associated actions.
Proven CSP Experience
We are working with various CSP assurance engagements across multiple industries, through our automated API calls between application we should be able to assure you a systematic experience
Adapting to your requirements
AL will leverage inhouse accelerators and our extensive SWIFT CSP expertise to ensure that your needs are met ahead of SWIFTs required independent assessment due on 31 December 2020.
Internal Assessment Help
We can help in your internal assessment which will be carried out by auditors from inside or outside the organization.
