Global financial messaging network connecting banks, with mandatory security controls for members.
SWIFT (Society for Worldwide Interbank Financial Telecommunication) operates the global financial messaging network connecting banks and financial institutions. SWIFT's Customer Security Programme (CSP) mandates security controls for member institutions, with annual attestation requirements. SWIFT-connected systems are high-value targets—the 2016 Bangladesh Bank heist stole $81 million through SWIFT access. SWIFT security controls are mandatory for institutions using the network.
Why It Matters
The DSC Perspective:
SWIFT CSP requirements are mandatory for connected institutions. SWIFT access is a critical security control point. Ensure SWIFT-connected systems meet CSP requirements and are properly secured.