Foregenix Reaccredited as SWIFT CSP Assessor Provider

We are delighted to announce the renewal of Foregenix's accreditation as a CSP Certified Assessor Provider for the following six regions: Africa, North America, South America, Asia & Pacific, Europe, and the Middle East.

This certification enables us to assess your level of compliance with the mandatory and advisory controls of the CSP that apply to your connectivity configuration with Swift.

Swift recognizes our accredited consultants within the CSP Assessment Provider companies who successfully complete the applicable Swift CSP Assessor Certification criteria. Each Swift Certified Assessor is evaluated against a set of criteria that is reviewed annually to ensure that certification benchmarks remain aligned with the evolving CSP, Swift services and products, market practices, and Swift user needs.  

To check the complete list of Certified Assessor Providers visit: https://www.swift.com/myswift/customer-security-programme-csp/customer-security-programme-assessor-certification/why-choose-swift-csp-certified-assessor

Why choose a Swift CSP Certified Assessor?

Swift has compiled a list of benefits for users and the financial ecosystem community:

Benefits for Swift users

• Increased Confidence: Swift users benefit from the assurance that their chosen Swift CSP assessment provider meets rigorous certification standards. This programme ensures that providers possess the necessary expertise and capabilities to conduct comprehensive assessments and accurately identify potential vulnerabilities.
• Consistency and Standardisation: The certification programme establishes a standardised approach to CSP assessments, ensuring consistency in the evaluation of security controls across different providers. This helps determine the appropriate assessment scope and a fair cost. Users can be confident that the assessment process aligns with Swift's expectations, regardless of the chosen provider.
• Access to Swift CSP assessment providers and their certified assessors: Swift provides transparency by publishing the Swift CSP assessment providers and their Swift certified Assessors in a dedicated directory on swift.com. This simplifies the decision-making process for users, facilitating their selection of a provider employing certified assessors.

Benefits for Swift community

• Strengthened Security Ecosystem: By implementing the Swift CSP Assessor certification, Swift further strengthens the security ecosystem surrounding its financial messaging services. Swift CSP Assessment Providers and certified Assessors contribute to the overall security of Swift users, mitigating the risk of potential vulnerabilities and safeguarding the integrity of transactions.
• Enhanced Collaboration and Partnership: Swift's launch of the Swift CSP Assessor certification fosters closer collaboration with Swift CSP Assessment Providers, creating a mutually beneficial relationship. Swift can leverage the expertise of certified Assessors, gaining valuable insights and industry intelligence that can support the ongoing improvement of its security framework.
• Streamlined Oversight and Service monitoring: With a pool of certified Assessors, Swift can streamline its oversight and quality assurance processes. The programme establishes clear criteria for assessing providers' capabilities and ensures ongoing compliance.

Enhancing Cyber Resilience: The Benefits of the CSP Programme

Swift’s Customer Security Programme (CSP) helps financial institutions ensure their defences against cyberattacks are up to date and effective, to protect the integrity of the wider financial network. Users compare the security measures they have implemented with those detailed in the Customer Security Controls Framework (CSCF), before attesting their level of compliance annually.

With solid attestation and compliance rates, the CSP reflects a community of highly engaged users committed to stopping cyberattacks in their tracks. And, as the cyber threat landscape evolves, so too does the CSP.

Effective each year as from July, Swift issues an updated version of the CSCF and you need to support your attestation with an independent assessment.

Foregenix is well-placed to assist organisations in enhancing their processes to meet compliance accreditation standards. Our certified professionals possess specialized expertise in SWIFT compliance assessments. If you have any questions, don’t hesitate to contact us.