Fortytwo Security offers independent SWIFT assessment services. Our staff includes Swift Certified Assessors in the subject area: CSP Assessments. Cooperative, efficient, and tailored to your needs. Let us help you with your SWIFT report of compliance.
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Since July 2020, all SWIFT users have been required to carry out an independent assessment when attesting compliance with CSP controls. Banks are connected, creating a strong need to ensure communication between them. To ensure standardized financial messaging exchanges securely, SWIFT developed a messaging platform and launched the Customer Security Program (CSP) to protect against cybercrimes and to raise the security standards for their community.
SWIFT members must have an independent SWIFT assessment performed once a year. This assessment can be conducted by external auditors. We offer independent security auditors with the necessary expertise.
We possess a team of auditors who have numerous years of experience in auditing the payment industry alongside a vast knowledge of regulatory projects within the financial sector. As a result, we are ideally positioned to support you as an external and independent auditor in your SWIFT assessment. Our services are centered on enhancing your security. This objective is consistently pursued by strengthening current assessment processes and integrating improvements through our years of auditing experience.
Based on the official specifications of the current CSCF (Swift Customer Security Programme), an accredited assessor of Fortytwo will perform the Audit planning based on your Architecture type.
During the formal review process, our responsible assessor conducts interviews with your responsible employees, site inspections, performs document reviews, and examines all relevant IT systems and applications.
Any deviations from the CSSF that are identified during the assessment are documented, including the necessary, concrete recommendations for correcting the identified deviations. After correction of the identified deviations, we will perform a follow-up assessment.
To prove compliance with the credit card
organizations, our assessor prepares the CSP Assessment Report following the
specifications of Swift.
Finally, we coordinate the report on
compliance and help submit the final
report on the Swift platform.
SWIFT users are required under the Customer Security Controls Framework (CSCF) to demonstrate compliance with at least all mandatory controls annually through an independent assessment. Such a SWIFT Assessment reviews the security of an organization's SWIFT infrastructure and systems to ensure that they are protected against potential security threats and vulnerabilities.
All SWIFT users must demonstrate compliance with the mandatory controls defined in the Customer Security Controls Framework (CSCF).
The Independent Assessment Framework (IAF) documents that all SWIFT users must conduct a Community Standard Assessment to further improve the accuracy of their attestations. SWIFT requires that the submitted attestations are independently assessed by either an internal assessment or/and an external assessment. The self-assessment option remains but is considered non-compliant.
A SWIFT Assessment is important because it helps organizations identify potential security risks and vulnerabilities in their systems and processes and take steps to mitigate or eliminate those risks. This helps protect the organization from potential financial loss and reputational damage.
By helping to improve the security of an organization's systems, the SWIFT Assessment also better protects the financial and personal data of the organization's customers.
The key areas in a SWIFT Assessment are network security, application security, data security, access controls, incident response procedures, and regulatory compliance.