Security News > 2021 > January > Financial institutions can strengthen cybersecurity with SWIFT’s CSCF v2021

SWIFT is the world's largest provider of secure financial messaging services to banks and other financial institutions.

To help financial institutions detect, defend and recover from cyberthreats, SWIFT designed its Customer Security Program in 2016.

Advisory controls are based on recommended best practices advised by SWIFT. Assess your compliance with SWIFT Controls v2021.

SWIFT originally planned to require all financial institutions to undertake an independent assessment of their adherence to the CSCF in 2020.

Beginning in July 2021, all financial institutions using SWIFT will need to support their attestation against CSCF v2021 with an independent internal or external assessment.

As SWIFT adds more users to its platform and the financial community grows, it's crucial for all financial institutions to remain alert and properly secure their systems.

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