SWIFT CSP Assessment

Services
Services
BDO & Co
BDO Financial Services
BDO IT Consulting
BDO Solutions
Industries
Industries
Agribusiness
Agribusiness is primarily the Cane industry in Mauritius. The history of Mauritius is intertwined with the history of the sugar industry.
Aviation, Shipping & Logistics
Responsible for the coordination of the African compliance operations of a multinational information technology company, providing IT and telecommunication services in the air transport industry.
Financial Services
Mauritius being an international financial services centre of substance and repute, the financial services industry is characterized by strong regulation yet friendly business approach.
Hospitality & Leisure
With a park of over 100 hotels and more than one million tourists travelling to our island annually, hospitality has been growing at a sustained rate over the last five years.
Information Technology
Information Technology is an important source of competitive advantage for businesses. The key challenges remain cyber security and exploiting data analytics.
Manufacturing
The manufacturing industry started in Mauritius with a view to substitute imported products.
Natural Resources
Preparation of Statutory accounts under International Financial Reporting Standards (IFRS) and UK GAAP.
Public Sector
Given its track record in providing advisory services business to several public organisations or state-owned companies in Mauritius and in sub-Saharan Africa, BDO has acquired over time invaluable ex
Real Estate & Construction
The country is experiencing continuous land development, with a rising number of projects being launched under the Smart City Scheme and Property Development Scheme.
Retail & Distribution
Bookkeeping and finance back office services for retailers in the UK and the US.
Insights
Sustainability
About
About
BDO ACCA/ACA Scheme
BDO in Mauritius
BDO Solutions
Global network
People and values
Social Media

The SWIFT Customer Security Programme (CSP) initiative was launched by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) in 2016 and aims to strengthen the security of the global financial community.

The programme aims to bolster the security by setting out a series of mandatory and advisory security controls. These controls are designed to help SWIFT users enhance their cyber defenses and protect their SWIFT-related infrastructure.

As BDO is a Certified CSP Assessment Provider, we would like to share our insights into Swift’s focus areas for v2024 and the upcoming changes.

Customer Secyrity Control Framework v2024

Evolution of the SWIFT CSP

Evolution of the Swift CSP In an era where digitalisation has transformed the way financial institutions work, the security of financial data and transactions is more important than ever. Following a number of security breaches at financial institutions, Swift became concerned about the security of its users. They decided to create a set of security controls and requires all its users to attest their level of compliance with these controls transparently. The CSP is continually updated to address new threats and weaknesses in the ever-changing cybersecurity landscape.

Objectives, Principles & Controls

Swift has defined a set of security objectives, which are linked to seven principles and covered by the set of controls in the Customer Security Controls Framework (CSCF). The CSCF consists of 25 mandatory and 7 advisory controls, but not all controls are applicable to all architecture types: it depends on the extent to which an organisation is integrated with Swift systems.

A note on timing: Swift users are required to confirm their compliance with the mandatory security controls between 1 July and 31 December of each year – whether fully compliant or not!