SWIFT CSP Security Assessment for Banks and Financial Institutions

With the growing threat of cyber-attacks and increasing data protection requirements, banks and financial institutions face the need to ensure the reliability and security of their financial transactions. BDO in Ukraine’s SWIFT CSP Security Assessment service is designed to help banking institutions take steps to prepare for and obtain certification from SWIFT, which is key to ensuring the security of international financial messages.

The service will be invaluable to financial organizations seeking to enhance their cybersecurity, streamline their systems to align with the latest regulatory requirements, mitigate the risk of data breaches, and foster greater trust among their customers and partners.

SWIFT checking for banks and financial institutions is:

1. Independent security analysis. BDO in Ukraine provides a comprehensive security analysis of your SWIFT architecture, in accordance with the established SWIFT CSP standards.
2. Development and implementation of control measures. We assist you in comprehending and effectively implementing security controls.
3. Preparation of documentation. Preparation of high-quality projects and documentation that meet the international requirements of investors and donors.
4. Risk assessment. Identification of potential vulnerabilities and prioritization of initiatives for effective resource management.
5. Cloud infrastructure. Leverage AWS and Azure platforms for security, including encryption, identity and access management, firewalls, and intrusion detection.
6. Consulting services. Conducting a self-assessment in accordance with the provisions of the document “SWIFT Customer Security Controls Framework — CSCF” v2024 and providing advice on eliminating identified inconsistencies during the audit and consulting support on compliance with the requirements.

Functionality and its importance:

• Compliance Assurance: Ensures your system meets the security standards required by SWIFT.
• Risk minimization: Helps avoid financial losses related to data security and information threats.
• Strengthening the security strategy: Develop and implement strategic security measures that foster trust and reliability among partners and customers.
• Certification and confidence: Enhances the credibility of your business with certifications from independent bodies such as ISO 27001.

What is SWIFT CSP?

SWIFT CSP (Customer Security Programme) is a program, initiated by SWIFT, designed to enhance the security of financial institutions. It offers guidance on risk management, data protection, and fraud prevention. BDO in Ukraine’s experience in SWIFT security enables your institution to maintain a competitive advantage in the face of potential threats.

Why choose BDO in Ukraine for SWIFT security services?

• Professional experience. Our team has extensive experience in consulting services and ensuring the security of financial systems.
• Individual approach. We offer personalized solutions tailored to your business needs.
• Comprehensive range of services. We offer risk analysis and implementation of control measures, providing a one-stop solution for all your needs.
• Certification and compliance. Our certified auditors ensure compliance with international standards.
• Up-to-date knowledge. We constantly monitor the latest cybersecurity threats.
• Support at all stages. We support you at every stage — from assessment to ongoing monitoring.
• Global network. As part of an international network, we have access to global resources and expertise.

When you select BDO in Ukraine for your SWIFT security services, you gain a dependable partner who will assist in safeguarding the security of your financial infrastructure and contribute to the successful growth of your business. Contact BDO today to discuss how we can assist in enhancing your financial security as part of the SWIFT CSP program.