For financial services companies that use the Society for Worldwide Interbank Financial Telecommunication (SWIFT) financial messaging network, there’s a new deadline on the horizon. Institutions must complete self-attestation of the Customer Security Programme (CSP) by December 31, 2017.
The requirement was put in place early 2016 when hackers used malware and social engineering to gain access to three international banks’ security systems. These hackers used SWIFT terminals to transfer funds illegally, resulting in a bank heist of $80 million.
The CSP was announced in 2016 to address the security concerns exposed by the hacks. Before the end of the year, SWIFT bank members must attest to this set of 27 security controls. The attestation reports will be made public within the member community. SWIFT reserves the right to report non-compliance to local supervisors starting January 2018.
Citrix solutions for financial services and unify and enrich end user experience; secure all types of finance applications and data; and simplify financial services IT departments’ ability to manage increasingly complex, hybrid and multi-cloud environments.
Citrix helps organizations meet the requirements of security and compliance with comprehensive technologies for contextual access, network security, application security, data security, and analytics and insights.
Contact a Citrix solutions expert for more information.