As SWIFT community members increasingly became targets of cyber criminals, SWIFT launched its Customer Security Programme (CSP) and issued the Customer Security Controls Framework (CSCF) to establish a baseline of security controls for users to defend against, detect, and recover from cybercrime.
The CSCF is based on three objectives encompassing eight principles and 31 security controls, including both mandatory and advisory (optional) security controls for SWIFT users. Since 2018, users have been required to attest to their compliance with all mandatory controls that are applicable to that user according to its architecture type and infrastructure.
As of July 2021, the SWIFT Customer Security Controls Framework (CSCF) now requires an independent assessment under the guidance provided in the SWIFT Independent Assessment Framework (IAF). As a SWIFT CSP assessment provider Schellman can assist SWIFT users with their attestation. As SWIFT security controls are mapped against NIST CSF, PCI-DSS, and ISO 27001, Schellman can add value to your assessment by helping you leverage it across a multiple audit approach.
As SWIFT security controls are mapped against NIST CSF, PCI-DSS, and ISO 27001, we are uniquely positioned to help you leverage your assessment across a multiple audit approach.
After the agreement is executed, the first phase of the engagement is planning. This is to ensure that Schellman and the Client are fully aware of the what, who, when, why, and how prior to the beginning of testing. Schellman will assist SWIFT users in determining their architecture type and which mandatory CSCF controls to apply to achieve compliance.
The kickoff is considered the start of the engagement. If needed, Schellman will schedule a call at the beginning of, or just prior to, the kickoff to finalize any outstanding items. Schellman will be available to the client with any questions.
By including communication prior to starting, Schellman ensures that no last-minute changes to the project or team have occurred and the Client has the plan prior to the testing and on-site visit.
Assessment and evidence review is the core of the compliance engagement. Due to the planning and understanding processes, this phase will be an accumulation of gathering the evidence needed for the objectives discussed. Schellman has a no surprise policy and has daily contact with the stakeholders during the testing and gathering activities. Furthermore, Schellman will begin documentation of the draft deliverable to be able to provide it to the Client efficiently after this phase. The Client will have confidence the Schellman team has completed this phase timely and completely.
Schellman’s assessment methodology ends with reporting, but the entire assessment is focused on creating a deliverable that is clear, concise, and accurate. your organization will be provided with a disposition describing compliance with each of the applicable mandatory or advisory security controls in the form of a detailed controls summary report, tailored to be easily utilized to fulfill the SWIFT KYC-SA attestation requirement. In addition to describing compliance with the CSCF, the controls summary report provides enough detail to assist with your communications regarding organizational cyber security posture to executive leadership.
Jason is a Principal at Schellman, where he oversees multiple compliance and security services. He works with many of the leading organizations spanning industries such as Fintech, financial services, cloud computing, healthcare, cybersecurity and many others.
Whether it is an ISO 27001 certification, SOC 2 examination or a FedRAMP assessment, companies are often challenged by the need to address customer requirements while ensuring a return on compliance investment.
The most important factor in scoping a potential assessment is understanding what deliverable the recipient (i.e. your customer or partner) is expecting.
Once we have scoped your environment and needs, there are several factors that contribute to Schellman’s pricing:
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