Safeguarding security across the banking community

The growing threat of cyberattacks has never been more pressing. Recent instances of payment fraud in our customers’ local environments demonstrate the necessity for industry-wide collaboration to fight against these threats.

While SWIFT’s network, software and services have not been compromised, each of these incidents took place after a customer suffered security breaches within its locally managed infrastructure.

SWIFT customers are individually responsible for the security of their own environments, however, the security of the industry as a whole is a shared responsibility. As an industry cooperative, SWIFT is committed to playing an important role in reinforcing and safeguarding the security of the wider ecosystem. We have therefore launched the Customer Security Programme (CSP), which aims to improve information sharing throughout the community, enhance SWIFT-related tools for customers and provide a customer security control framework. Through the programme, we will also share best practices for fraud detection and enhance support by third party providers.

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Information Sharing

We are supporting greater levels of information sharing across the global community. This means a greater exchange of cyber threat information between customers and SWIFT, and we’ll be keeping you informed of any preventive and detective measures that will help safeguard the community.

Enhancing SWIFT-related tools

We are strengthening the security requirements for customer-managed software. We will also continue our efforts to harden our own products with further tools and monitoring capabilities.

Customer Security Controls Framework

SWIFT has introduced its Customer Security Controls Framework to drive security improvement and transparency across the global financial community.

Documents center

Latest document update

Sibos session - Is a ‘cyber 9/11’ event inevitable?

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Last update: 
21 December 2018

As cyber-attacks become ever more sophisticated and with data breaches now commonplace, Ed Johnson moderates a panel discussion on whether we have the tools, the collective resolve and the legal framework to cope with a ‘cyber 9/11’ event that targets crucial financial infrastructure.

  • Multimedia
  • Videos
English

Sibos session - CSP current progress and future roadmap

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Last update: 
21 December 2018

This panel discussion, moderated by Pat Antonacci, explores the implementation to date of SWIFT’s Customer Security Program and its course for 2019 and beyond.

  • Multimedia
  • Videos
English

Sibos session - Cyber-attacks in the securities market

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Last update: 
21 December 2018

William Hodash moderates a conversation on the cyber security risk for the Estimating market, highlighted by the ISSA Cyber Working Group.

  • Multimedia
  • Videos
English

Sibos session - Can we ever counter the weakest link in cyber-security: people?

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Last update: 
21 December 2018

From insider threats to acute skills shortage and patchy security representation at Board-level, are people always destined to be the biggest barrier to cyber security, or can we overcome the cyber threat with a little education and discipline? Stephania Palma takes charge of the discussion.

  • Multimedia
  • Videos
English
Customer Security Programme (CSP)