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Financial institutions must adhere to a strict set of checks and requirements in order to ensure they are compliant with the [SWIFT Customer Security Programme (CSP)]. This checklist outlines the requirements that must be met in order to become compliant with the CSP.

1. Secure infrastructure and network design

This includes requirements for physical security, access control, and network segmentation.

2. Secure access and authentication

Financial institutions must implement strong authentication mechanisms for both internal and external users, and must have in place strict access controls to prevent unauthorized access to SWIFT-related systems.

3. Secure Messaging

Financial institutions must ensure that all SWIFT messages are transmitted and received securely, and must implement measures to detect and prevent any unauthorized changes to message content.

4. Incident management and response

Financial institutions must have in place incident management procedures, including incident detection, response, and recovery.

5. Compliance and reporting

Financial institutions must comply with all relevant laws and regulations related to SWIFT and must report any security incidents to SWIFT.

6. Regular testing and assessments

Financial institutions must conduct regular testing and assessments to ensure that their security measures are effective, and must take appropriate action in response to any identified vulnerabilities.

7. Security awareness and training

Financial institutions must ensure that all employees are aware of the importance of security, and must provide regular training to keep employees up-to-date on the latest security threats and best practices.

8. Third-party security

Financial institutions must ensure that any third-party vendors or service providers that have access to SWIFT-related systems meet the same security standards as the financial institution itself.

9. Continuous monitoring and improvement

Financial institutions must continuously monitor their security measures and must take appropriate action to address any identified issues or vulnerabilities.

By following the requirements outlined in this checklist, financial institutions can ensure they are compliant with the SWIFT Customer Security Programme and can protect their customers from cyber threats.